Brazil’s state-owned oil company Petrobras is considering putting money back into Venezuela. This idea comes after the U.S. lifted its sanctions on Venezuela. Petrobras’ CEO, Jean Paul Prates, made this clear at a recent event. He said the focus is purely on business, not on politics or ideology. In the past, Petrobras and Venezuela’s
Related Posts
Argentina Faces Unprecedented Poverty Levels
In January 2024, Argentina’s poverty soared to 57%, a two-decade peak, impacting 27 million people in the country. The situation worsened, with indigence climbing to 15% from 9.6% just months before. Households relying on social aid saw poverty rates jump to 85.5%. The drop in the peso’s value led to this crisis, slashing purchasing power […]
Forest Feud: Brazil Draws the Line on EU’s Environmental Edict
Carlos Fávaro, Brazil’s Farming Minister, recently discussed the European Union’s deforestation law. He shared his views in an interview with Folha de S. Paulo. The interview took place after the 29th National Coffee Industry Meeting (Encafé). Fávaro stated that the EU’s law against deforestation shouldn’t apply to Brazil. He believes it violates Brazil’s sovereignty. Fávaro […]
Brazil’s 2024 Soybean Exports to Drop, Says Safras
Safras & Mercado’s recent update to Brazil’s soybean output forecast has led to minor adjustments in supply and demand perspectives. In 2024, Brazil might export 94 million tons of soybeans. This is less than the 101.86 million tons shipped in 2023, a 7.7% fall. Safras & Mercado shared these numbers, consistent with their earlier report. […]