Venezuela, which is currently in a deep political and economic crisis, has sent two fully-laden large crude carriers heading to Singapore. The vessels – the
Category: South America
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
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 of an oil-for-loans deal. The agreement
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 for Anglo American’s phosphate business in
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 economies whose budgets accumulated as much
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 that the oil-producing economies must take
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 month due to the soaring debt,
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 due in October and November. Analysts
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 at CAD$5 million. The agreement will
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 Argus FMB Fertilizer Brazil. The objective