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Second quarter of the year records increase in Venezuelan oil production

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 […]

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Israeli Soldiers Ready to Confront Hezbollah in Northern Front

In northern Israel, Israeli soldiers are actively preparing for confrontations with Hezbollah, facing regular clashes with the militant group in southern Lebanon. Captain Yoshiahu, a 27-year-old reservist and father, joined the front on October 7, leaving behind his engineering studies. His commitment and motivation reflect the soldiers’ dedication. This mobilization came after Hamas launched a […]

Fiscal Crisis and U.S. Elections Drive Peso Depreciation in Colombia

The Colombian peso is nearing a significant milestone, approaching the COP$4,400 threshold against the U.S. dollar for the first time in 2024. This trend reflects a mixture of global economic influences and local fiscal issues. The strength of the U.S. dollar plays a crucial role in this situation. As the dollar gains value worldwide, many […]

Oil Prices Surge Nearly 10% in a Week as Middle East Tensions Escalate

Oil futures concluded the week on a high note, marking their largest weekly gain of the year. The surge in prices came as a result of escalating tensions in the Middle East over the past seven days. The oil market demonstrated its continued sensitivity to geopolitical events and potential supply disruptions. On the New York […]

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