The United States, Colombia, Cuba and other Caribbean countries want to stabilize Venezuela’s oil exports and to prevent an escalation of violence, a breakdown of order and further floods of refugees.
There are two other major oil producers in the Americas whose production is set to increase this year, and over the next five years: Canada and Brazil.
Oil prices slide, supply overhang in focus at the Saudi-Venezuela meeting. This means a lost for President Maduro who's only goal on this meeting was to rise oil prices in order to help Venezuela's economy.
The plunge within the worth of oil is inflicting extra buyers to guess that Venezuela will default on its one hundred twenty billion pile of overseas debt
The reserve has generally succeeded in providing sustainable livelihoods but deforestation, oil developments and drug trafficking remain a huge problem.
In their second round or auctions, the Mexican government will put up 15 oil rich areas for sale.
With 15 minor oil spills every day the ecosystem has been largely damaged by the oil fever and negligence.
Energy as a case study of the Latin American challenge: the search for efficiency and improved competitiveness
Statistical rating organization Fitch has warned seven of the largest oil exporters that they may report losses as high as 22% for 2016.
Mexico's Pemex is looking to sell extraction rights to massive deep sea oil reservoirs in the gulf, Exxon, Total and Chevron are the leading prospects.
The Australian company MEO Australia Ltd has found light oil on the northern coast of Cuba. Officials say further research must be done before determining oil's quality
The recent approval to end Petrobras participation requirements is seen as opening opportunities for new players to enter the Brazilian petroleum market.
Four tankers carrying over 2 million barrels of crude oil were refused discharge in Venezuela due to a shortage of funds in state-controlled PDVSA.
The OPEC daily basket price rose by almost 13% after the group announced last Wednesday that it was cutting oil production by 1.2 million barrels as from January 2017
Despite being sanctioned by Peruvian environmental authority (OEFA) Petro-Peru has allegedly pumped more crude and caused an oil spill in the Loreto region.
Petroperu may issue bonds to finance the $3.5 billion Talara refinery upgrade as the state oil firm looks to expand operations after key structural changes.
We Ignore Cronyism at Our Peril. In the wake of the scandal surrounding Brazil’s state-run oil company Petrobras, we would do well to analyze the role of state enterprises in the Americas.
Petrolera Amerisur plans to once again drill for oil in northern Paraguay in April, while two other private companies plan to explore for oil in the Chaco region, Deputy Mines and Energy Minister Mauricio Bejarano said.
The oil crisis took Mexico’s earnings down a peg, and with a stronger dollar, remittances are now the more significant foreign inflow since 2014.
Free market strategy boosts Mexican national revenue
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