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Group of oil-producing nations unable to reach consensus on Saudi-led plan to raise supply to calm world markets.
Government nationalises fleet of US-owned rigs shut down in a dispute over payments.
Venezuela to nationalise 11 oil rigs amid dispute with US-based owners.
The oil minister of Venezuela - the world's fifth-largest oil exporter - has said that oil prices could reach $100 a barrel.
Hugo Chavez, Venezuela's president, has tightened his grip on the country's energy resources, following through on threats to punish

A late-night meeting did little to end a deadlock among OPEC members over the post-war return of Iraq to the 11-nation oil cartel.

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Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.

 
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