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Brazil, Argentina, and Guyana are emerging as key players in the global energy landscape, writes the Economist in its latest report. In Guyana, offshore oil extraction is transforming the fortunes of the country, with vast reserves of crude oil discovered by ExxonMobil. By 2028, Guyana could become one of the world’s top 20 oil producers. […]
Due to concerns about slowing global growth, oil prices declined, with Brent falling below $85 for the first time since late August. Likewise, the U.S. benchmark, WTI, slid under $84. This marks its biggest fall since last September. On Thursday, WTI for November traded at $82.90 per barrel in London. At the same time, Brent […]
Venezuelan President Nicolás Maduro arrived in China, marking his first visit since 2018. The visit aims to find economic help for Venezuela. China has been a big lender to Venezuela for years. Maduro landed in the city of Shenzhen. He said the trip would make history in a video shared on social media. Mao Ning, […]
