In spite of a steady economic recovery, low inflation and improving fiscal balances, Latin America is seeing weak private investment in energy and other sectors.
Venezuela’s oil industry has been in decline for years due to mismanagement and lack of investment. But this year, the industry’s problems seem to have multiplied as a result of the sharp decline in global oil prices.
How the State Wrecked the Oil Sector—and How to Save It
After winning a second term, the hard work now begins for President Juan Manuel Santos.
How bad is Petrobras’ situation today, and what bright spots are on the horizon?
What is the outlook for Ecopetrol and the Colombian oil sector in the short to medium term?