How Are Plunging Oil Prices Changing Petrobras’ Strategies?
What consequences does the global context—with both lower prices and falling demand—have on Petrobras’ long-term strategies and on Brazil’s oil and gas sector in general?
Brazil & the Southern Cone
The Inter-American Dialogue’s work in the Southern Cone examines opportunities and challenges facing Brazil, Argentina, Paraguay, Uruguay, and Chile. Issues include energy, finance, economics and trade, the environment, and international relations.
Analysis See all
Video
Examining Implications of Covid-19 and Low Oil Prices for Latin American Energy
The recent oil price collapse, combined with the economic contraction resulting from measures to fight the global Covid-19 pandemic, will have extensive and largely unforetold impacts for Latin American energy markets and beyond. These implications include cuts to investment and delays to ongoing projects in both oil & gas and renewable energy, fiscal and broader economic constraints, and legal disputes, said panelists during a webinar held on April 1.
Remittances to Latin America and the Caribbean in 2019: Emerging Challenges
This report analyzes trends in remittances to Latin America and the Caribbean in 2019 and explores the factors related to slowing remittance growth. Family remittances to the region grew by approximately 8% compared to 2018 and totaled nearly US$100 billion, which stands in contrast to the region’s slower economic growth of 0.6%.
Press Mentions See all
This is what you will see with all national oil companies and the majors -- they have to cut back on their costs. Brazil won’t shut down its producing projects, but this will impact exploration and it will impact future production.
The drop [in oil prices] is a consequence of a rift between OPEC+'s two biggest producers, Russia and Saudi Arabia, pushing prices below the break-even point of promising basins such as Brazil's pre-salt and Argentina's Vaca Muerta.