On December 3, President Nicolás Maduro held a referendum asking citizens whether the Essequibo region should be “reclaimed” as part of Venezuelan territory. Whether prompted by the 2015 discovery of abundant oil reserves, or the need to gain popularity before the 2024 presidential elections, Maduro ordered Petróleos de Venezuela, SA…Read more +
The perfect storm of the plummeting oil price and the Covid-19 pandemic could have dire consequences for oil-dependent Latin American economies, lead to a reduction in upstream investment, and damage the prospects for renewable energy projects.Read more +