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Energy & Commodities
When will the lights come back on?
The energy dimension of the poverty trap.

Six people were reported dead after a massive gas explosion at a natural gas storage plant near Puebla, Mexico yesterday.

The natural gas situation in Mexico is frustrating when considering the country’s ample supply.

On September 18, only 11 companies signed up to participate in the auction of Brazil’s pre-salt Libra oil field, one of the largest offshore oil discoveries since 2007. This outcome fell sharply below the Brazilian government’s expectations.

With 68 percent to 70 percent of our exports going to the U.S., Canada clearly cannot lose sight of the importance of our principal market—but we cannot remain static in our own trade initiatives.

Mexico's Enrique Peña Nieto is trying to push forward a controversial reform that will allow private-public partnerships for the first time in decades.

Recent discussions when in Caracas and Maracaibo have made clear that as soon as the late Venezuelan President Hugo Chávez died, the strategy of Petróleos de Venezuela S.A. (PDVSA) became “pragmatism” in the face of “necessity.”

The first nine months of Peña’s administration have kept the press busy and all of the country’s eyes and ears focused on what will happen next. He’s been characterized as bold, action-oriented and dynamic but clearly, not a team player.

New efforts by Venezuela’s national oil firm, PDVSA, to raise its lagging production. Is this really a change in strategy?

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