Venezuela’s sliding oil output may be tumbling at a rate faster than initially anticipated and production could soon reach a 27-year low. As mentioned by Argus Media on 22 June Continue Reading
The Colombian government and FARC rebels are close to ending their decades-long armed conflict following the anticipated signing of a bilateral ceasefire. The announcement of the agreement was made on Continue Reading
On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will inaugurate a third set of locks, which will allow for the transit of larger ships. Continue Reading
Another airline bites the dust of Venezuela’s worsening crisis, adding to the increasingly common sight of a near-empty tarmac at the Simón Bolívar airport serving Caracas. Aeromexico, Mexico’s largest carrier, Continue Reading
Oil prices have surged by more than 80 percent since February on the back of unexpected supply disruptions. But the market could be missing yet another potential supply disruption that Continue Reading
The Organization of American States will meet Thursday to discuss the deepening crisis in Venezuela, where the opposition is pushing forward with efforts to activate a recall referendum of President Continue Reading
Venezuela is suffering the worst economic crisis in its history. Ordinary people in the oil-rich country are regularly going without food. Three-quarter empty supermarkets are being ransacked by angry, hungry Continue Reading
On July 8, 2009, the champagne finally flowed. After an intense two-year competition, a consortium led by a Spanish company in severe financial distress learned that its rock-bottom bid of Continue Reading
Venezuela has badly mismanaged its vast oil resources, a senior U.S. diplomat told Reuters in an interview on Tuesday in which he said a change in government could quickly turn Continue Reading
The new chief executive of Petróleo Brasileiro SA PBR 6.43 % has vowed to return Brazil’s troubled state oil company to “greatness,” by shedding assets—and outdated ideologies—that no longer serve Continue Reading
