Economy

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Economy, Oil & Gas, Venezuela

Repsol poised to expand Venezuelan oil production following operation licenses

Repsol is positioned to significantly increase its oil production in Venezuela after receiving operational licenses, aiming for a 50% rise within the next year and potentially tripling output over subsequent years. While the company excludes Venezuelan assets from its 2026-2028 forecasts due to reliance on a base scenario, it considers its business in the country […]

Repsol poised to expand Venezuelan oil production following operation licenses Read Post »

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Biofuels, Brazil, Economy

Raízen Files Brazil’s Largest Extrajudicial Debt Restructuring Request, Seeking to Renegotiate R$65 Billion

Raízen, Brazil’s leading sugarcane producer and second largest fuel distributor, initiated the country’s largest extrajudicial debt restructuring, aiming to renegotiate R$65 billion owed to banks and bondholders. The move will reshape the company’s capital structure amid operational challenges from high interest rates and heavy spending on second-generation ethanol and retail expansion, with a plan expected

Raízen Files Brazil’s Largest Extrajudicial Debt Restructuring Request, Seeking to Renegotiate R$65 Billion Read Post »

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Economy, Oil & Gas, Uruguay

Middle East conflict pressures global oil prices amid uncertain fuel impact in Uruguay

Renewed conflict in the Middle East has driven crude oil prices above $100 per barrel, intensifying worries over global energy markets. While Uruguay’s fuel prices remain insulated in the short-term due to tax structures and political decisions, international price volatility and regional geopolitical risks require ongoing scrutiny. The escalation of hostilities involving the United States,

Middle East conflict pressures global oil prices amid uncertain fuel impact in Uruguay Read Post »

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Economy, Ecuador, Oil & Gas

Rising Fuel Prices Linked to Middle East Conflict Increase Ecuador’s Import Costs Amid Refinery Challenges

Ecuador faces mounting economic pressure from rising international oil prices driven by the ongoing Middle East conflict, which has pushed Brent crude above $90 per barrel and increased global energy market volatility. The country’s fuel prices adjusted upward in March 2026 under government-regulated price bands, while operational setbacks at domestic refineries have heightened dependency on

Rising Fuel Prices Linked to Middle East Conflict Increase Ecuador’s Import Costs Amid Refinery Challenges Read Post »

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Economy, Oil & Gas, Peru

Peru Faces Sharp Fuel Price Increases Amid Gas Supply Disruptions and Emergency Measures

Peru is experiencing a significant energy crisis marked by steep increases in wholesale fuel prices and disruptions in natural gas supply. Government emergency measures aim to stabilize the market and prioritize essential consumers, but ongoing volatility and rationing pressure fuel availability and prices, with implications for transport and industry sectors. Wholesale fuel prices in Peru

Peru Faces Sharp Fuel Price Increases Amid Gas Supply Disruptions and Emergency Measures Read Post »

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Economy, Oil & Gas, Peru

Energy Crisis in Peru Spurs Gas Shortages and Price Surges with Prolonged Rationing Measures

Peru is enduring a critical energy shortage following a major disruption in the Camisea natural gas transportation system. Government intervention through rationing and emergency supply measures aims to stabilize the market, but sustained pressure on LPG, gasoline, and diesel prices alongside extended consumer wait times is expected to impact industrial and household sectors through mid-March.

Energy Crisis in Peru Spurs Gas Shortages and Price Surges with Prolonged Rationing Measures Read Post »

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Argentina, Economy, Oil & Gas

Argentina Week in New York Draws Major Investments in Oil, Mining, and Agro Sectors Amid Government Push for Market Reforms

Argentina Week, organized by President Javier Milei’s administration in New York from March 9 to 12, showcased Argentina as a prime destination for international investments, particularly in oil, mining, and agriculture. The event included participation from 11 provincial governors and attracted global players such as JP Morgan, Bank of America, Rio Tinto, and First Quantum

Argentina Week in New York Draws Major Investments in Oil, Mining, and Agro Sectors Amid Government Push for Market Reforms Read Post »

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Argentina, Economy, Raw Materials

Argentina Advances Lithium Leadership and Investment Attraction through Strategic International Engagements

Argentina is consolidating its role as a key player in the global mining sector, particularly in lithium production, supported by strong provincial leadership and expanded efforts to attract international investment. Strategic participation in global forums and incentive frameworks is reshaping the country’s mining outlook, with a growing pipeline of projects and enhanced supplier integration signaling

Argentina Advances Lithium Leadership and Investment Attraction through Strategic International Engagements Read Post »

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Economy, Ecuador, Oil & Gas

Ecuador Aims to Boost Oil Revenues Amid Rising WTI Prices Despite Production Challenges

Ecuador expects to increase oil revenues through higher export prices linked to the West Texas Intermediate (WTI) benchmark and a planned production rise starting mid-2026. However, constrained output and rising fuel import costs may temper fiscal gains despite current favorable market dynamics influenced by Middle East tensions. Ecuador’s oil export earnings are set to benefit

Ecuador Aims to Boost Oil Revenues Amid Rising WTI Prices Despite Production Challenges Read Post »

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