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Energy & Commodities

Emilio Lozoya, the CEO of Petróleos Mexicanos (Mexican Petroleums—Pemex), announced Wednesday that some of the company’s deep water exploration projects would be put on hold due to the declining prices of crude oil.

One person died and dozens more were injured after a protest against the Argentine energy company Pluspetrol turned violent late Tuesday night.

“Barbarie” es la palabra que se repite en los artículos publicados sobre Venezuela en lo que va del año. Sin estar en una situación de conflicto bélico, el país de más de 2 mil kilómetros de costa Caribe, reservas energéticas y 30 millones de hectáreas cultivables funciona bajo una lógica barbárica donde el más fuerte gana un kilo de pollo, y el más armado vive, por lo menos hasta mañana.

The Inter-American Development Bank (IDB) approved $100 million dollars for Costa Rica to modernize its border-crossing infrastructure, the Ministry of Finance announced on Tuesday.

Can renewable energy be the answer for PetroCaribe's imperiled members?

By mortgaging off Citgo, the last fairly well-functioning piece of the national oil sector, the Maduro administration and the ruling PSUV can muddle on, likely averting default for another year—though the falling oil price is a new major problem. 

The Caribbean is addicted to cheap oil—but this is not sustainable, given the declining state of the Venezuelan economy. 

This week's likely top stories: Venezuelan opposition leaders halt protests in Caracas; Haiti swears in its nine-member Provisional Electoral Council; the U.S. hosts the first-ever Caribbean Energy Security Summit; AT&T acquires Nextel Mexico; Rio’s environment secretary announces that Guanabara Bay will not be clean in time for the 2016 Olympic Games.

Amid a major drought that is depleting hydropower reservoirs across Brazil, Itaipu remains a major source of clean energy in Brazil and Paraguay.

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