Venezuela Reaches Better Oil Terms with China
Venezuela has reached an agreement with China, its main source of finance, with the aim of improving the conditions …
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Vale and Apollo Ready a Joint Bid for a Brazilian Fertilizer Business
Vale, Brazil’s biggest producer of phosphate, is joining its forces with the American private equity firm Apollo to bid …
World’s Poorest Economies Struggle with Their Debt Due to Weak Commodity Prices
The fall in commodity prices and a strong US dollar have had a negative impact on the world’s poorest …
Latin American Countries Call for Oil Production Freeze
Ecuador, the smallest member of the Organization of Petroleum Exporting Countries (OPEC), said on behalf of Latin American nations …
Brazil’s Petrobras to Slash Investment
Brazil’s energy giant Petrobras has announced that it will cut its five-year investment plan by about 20 percent next …
Venezuela: Default of a Major oil Producing Company Looming
The Venezuelan state-run oil company PDVSA has about $5.2 billion in payments to bondholders this year, most of it …
Canada’s Aberdeen Bank Buys a Potash Project in Argentina
Canadian bank Aberdeen International has acquired the Diablillos lithium-potash brine project in Argentina via a share purchase deal valued …
Brazil Got Its Own Fertilizer Information Service
Argus, the global energy and commodity price-reporting agency, has launched a weekly report and online service in Brazil called …
Brazil’s Falling Demand Hunts Fertilizer Markets
Brazil’s fertilizer imports are expected to experience a sharp fall in volumes as a result of weak crop prices, …
Venezuela Signs a Deal with Russia’s Rosneft Worth $14 billion
Venezuela’s President, Nicolas Maduro, announced that Russia’s oil giant Rosneft and his country’s state-run PDVSA have agreed on a …