Representatives from Mexico’s Petróleos Mexicanos (Pemex) and Venezuela’s Petróleos de Venezuela S.A. (Pdvsa) signed a significant agreement. This memorandum of understanding marks the start of a new phase in energy cooperation between the two countries. Rafael Tellechea, Venezuela’s Minister of Petroleum and President of Pdvsa, made this announcement. He met with Octavio Romero, the General […]
Related Posts
China likely lost its top exporter status to the U.S., marking the first time in 15 years
China’s long-held position as the primary exporter of goods to the United States is being challenged by Mexico and Canada amid strained trade relations. Recent data reveals that China likely lost its top exporter status to these countries in the first half of 2023, marking the first time in 15 years. From January to May, […]
Thursday’s Morning Call: Global Economic Data and Petrobras Executive Change
This Thursday, financial markets oscillated between global economic indicators and a major corporate shake-up in Brazil. Analysts scrutinized March’s GDP monitor and China’s April industrial output, uncovering subtle economic trends. Concurrently, Brazil’s stock market buzzed with Jean Paul Prates’s removal as president of Petrobras (PETR4). President Luiz Inácio Lula da Silva’s unexpected dismissal of Prates […]
China’s Industrial Profits Falter: A Pressing Call for Economic Policy Shift
China’s industrial sector has hit a significant rough patch, sending ripples through the world’s second-largest economy. Recent data from the National Bureau of Statistics reveals a sharp decline in industrial profits, underscoring the urgent need for policy intervention. For the first eight months of 2024, industrial profits grew by a mere 0.5% year-on-year, reaching 4.65 […]