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Petrobras Turns 70: Pivoting Toward Energy Transition
Brazil’s leading company, Petrobras, yesterday celebrated its 70th birthday. It was founded on October 3, 1953, under Getúlio Vargas’ rule. Since then, it has played a key role in Brazil’s economic growth. Today, Petrobras is pivoting toward sustainable energy. President Luiz Inácio Lula da Silva picked Jean Paul Prates to guide this change. The company […]
Julius Baer Predicts Oil Supply Surplus Through 2025
The Swiss banking group Julius Baer has released an analysis of the oil market, projecting a supply surplus until 2025. This forecast comes despite ongoing geopolitical tensions and fluctuating market sentiments. The financial institution, known for its commodity market assessments, has taken a neutral stance on oil prices. Julius Baer’s analysis suggests that supply will […]
El-Salvador’s Bukele Seeks Reelection Amid Anti-Gang Campaign
El Salvador’s President, Nayib Bukele, is running for reelection on February 4th. He urges votes to continue his fight against gangs. In a recent video on X, Bukele highlights the need to protect security achievements. He supports New Ideas Party candidates for Congress. Bukele stresses the importance of maintaining a qualified majority. This majority is […]