The Venezuelan state-run oil company, Petróleos de Venezuela S.A. (PDVSA), experienced a 10.5% increase in oil production during the second quarter of 2023 compared to the first quarter, as per a report from the Organization of Petroleum Exporting Countries (OPEC). According to official figures from PDVSA, the company averaged 808,000 barrels of oil per day […]
Related Posts
Dollarization of Argentine economy is not easy, says Brazilian Central Bank president
Roberto Campos Neto, the head of the Central Bank, commented on Thursday, 17th August 2023, that Javier Milei’s proposal to dollarize the Argentine economy presents significant challenges. Milei recently led the Argentine primary election. One of his main pledges involves replacing the Argentine peso with the U.S. dollar. During a discussion with Poder360, Campos Neto […]
Brazil’s Adaptive Rice Breakthrough Boosts Goiás Yields
In 2020, Embrapa unveiled the BRS A502, an adaptive rice variety that has reshaped farming in Brazil’s Cerrado. By 2023, it propelled Goiás’s rice cultivation under pivot irrigation from 3,000 to 15,000 hectares, equating to flooded rice in productivity. Spanning Goiás, BRS A502 thrives from east to west, south to north. This shift to sustainable […]
Wall Street’s Secret: How to Profit from Latin American Currencies
Benign financial conditions in the U.S. could boost investment strategies in emerging markets. This trend could strengthen Latin American currencies and bonds. Carry trade profits from interest rate differences between two currencies. Investors analyze risks, opportunity costs, and volatility to decide if a trade is worthwhile. Barclays PLC notes that short-term market relief will create […]