The Daily Journal.- Heavy crude and other grades of oil have accumulated across the Americas in recent weeks as historically high maritime freight rates have hindered exports to Asia and Europe. This market paradox has left Asian and European buyers scrambling to secure supplies, with Brent crude prices exceeding $100 per barrel. Consumers in Asia […]
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The Daily Journal.- Former Colombian President Gustavo Petro arrived at the 30th International Seminar “Political Parties and a New Society,” organized by Mexico’s Labor Party (PT) in Mexico City, to discuss the left, the climate crisis, and the future of energy resources. Instead, he found himself in a confrontation with two lawmakers from Venezuela’s United […]
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The Daily Journal.- The Board of Directors of CAF — Development Bank of Latin America and the Caribbean — approved a $3.5 billion financing package comprising 15 operations across 10 countries in the region, with funds targeting infrastructure, sustainable mobility, energy transition, social development and climate action. Venezuela does not appear among the direct beneficiaries […]
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The Daily Journal. — The Colombian government is evaluating several alternatives to offset the natural gas supply deficit in its domestic market amid the effects of the El Niño climate phenomenon, including importing gas from Venezuela, Minister of Mines and Energy María Nohemí Arboleda said. Speaking at a forum organized by the National Association of […]
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The Daily Journal. — Bradley Hansell, intelligence chief at the U.S. Department of War, made an official visit to Venezuela over the weekend as part of a regional security tour that also included Colombia, Ecuador and Panama. Sean Parnell, the Pentagon’s chief spokesperson, Assistant to the Secretary of War for Public Affairs and senior adviser […]
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The Daily Journal — Colombia’s president said Bogotá discussed the situation in Venezuela during his meeting with U.S. Secretary of State Marco Rubio and stressed that developments in the neighboring country have direct consequences for Colombia. The president said Venezuela “is not a distant issue” for Colombia, particularly because the two countries share more than […]
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The Daily Journal.— Colombia’s new ambassador to Venezuela, Jorge Jaller, proposed that Colombia purchase Venezuelan natural gas to generate electricity and return part of the power to its neighboring country as part of a broader strategy to promote economic integration between the two nations. Jaller outlined the proposal in an interview with El Colombiano, where […]
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The Daily Journal.— Venezuela ranked as the third-largest oil producer in Latin America and the Caribbean in April, accounting for 11% of the region’s crude output, according to the latest report from the Latin American Energy Organization (Olacde), cited by EFE. Regional oil production reached 318 million barrels in April, up 10% from the same […]
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Natalia Jaua The cyclical warming of Pacific Ocean waters has once again placed Latin America before a familiar yet never identical challenge. Sea temperatures off the coasts of Ecuador and Peru remain above normal, with a mass of warm water advancing toward the central Pacific and anomalies of up to 3°C. For Venezuela, forecasts indicate […]
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The Daily Journal.— Material losses from the magnitude 7.4 earthquake that struck southwestern and central Colombia have reached a preliminary estimate of 30 trillion pesos (about $9.589 billion), Colombian President Abelardo De La Espriella said. During a televised address on Monday, the president presented an initial assessment of the earthquake’s economic impact, which struck a […]
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