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Chile, Brazil and Barbados Lead Social Spending in LatAm

Daniel Salazar Castellanos's report shows that Latin America's public social spending soared during the pandemic, addressing the economic and social crisis. This investment, crucial for...

Latin America’s Unprecedented Remittance Growth in 2023

Local media report a record $155.908 billion in remittances to Latin America and the Caribbean in 2023, marking a 9.5% increase from 2022. As per...

Caribbean and Saudi Arabia Forge New Era in Relations

Caribbean nations are currently enhancing their ties with Saudi Arabia, signaling a shift beyond tourism. Heads of State from CARICOM, a group of 20 Caribbean...

OPEC Ups 2023 Oil Demand Forecast

The Organization of the Petroleum Exporting Countries (OPEC) revised its 2023 global oil demand growth forecast. In October, the forecast was 2.4 million barrels per...

Venezuela Readies Voters for Esequibo Referendum

Venezuela's Electoral Council announced that over 20.6 million people can vote in the Esequibo referendum on December 3. The Council's President, Elvis Amoroso, clarified that...

Is Petrobras Eying Re-Entry into Venezuela’s Oil Market?

Petrobras, Brazil's oil giant, is considering expanding its operations and is eyeing a potential re-entry into Venezuela's oil market. In a conversation with the Sputnik...

Internet Grows in Latin America, Rural Areas Fall Behind

The World Bank asserts that digital connection is essential for Latin America, offering solutions to slow growth and public unrest. Online government services have cut...

Venezuela throws down the gauntlet to ExxonMobil

Venezuela's President recently stated the country won't allow Guyana to give contested Guyana sea zones to ExxonMobil. This announcement came during an official meeting with...

Latin American Growth Lags Behind Global Rates in 2023

The World Bank has updated its 2023 growth forecasts for Latin America to 2%, up from the previous 1.4% prediction. Yet, this rate trails...

Petrobras Set to Probe Equatorial Basin

Brazil's Petrobras has secured approval from Ibama, the national environmental agency, for offshore oil exploration in the Equatorial Margin. Specifically, they can now survey the...

Brazil Uncovers Massive Oil Reserve in Amazon River’s Mouth

Brazil's Energy Minister Alexandre Silveira announced a significant oil discovery in the Equatorial Margin based on an internal Petrobras study. Specifically, the Equatorial Margin block...

Venezuela’s Saber Rattling in Esequibo Dispute

Venezuela's National Armed Forces (FANB) have pledged to defend the disputed Essequibo territory. This move follows Guyana's auctioning off of oil blocks in the same...

The Equatorial Margin is Brazil’s new Oil Frontier

Brazil's northern coast gained attention due to significant oil finds in Guyana and Suriname. Interestingly, it's not just oil companies watching. Environmentalists and the oil...

Venezuela Flags US Base Plans in Disputed Zone to UN

Venezuela has informed the UN about the U.S.'s plans to set up a military base in disputed territory with Guyana. Foreign Minister Yván Gil spoke...

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