On Friday, the dollar saw a modest increase against the Brazilian real, responding to easing measures by European central banks. This made the American currency more attractive. Now, eyes are on the U.S. for its upcoming economic and inflation updates. The dollar climbed 0.38% to R$4.9986, holding steady week-over-week despite briefly topping R$5. Its rise […]
Related Posts
Argentine Oil Fields Fuel Sustainable Bitcoin Mining
In 2023, Argentine firms in Vaca Muerta turned to digital venting mitigation, a green choice for oil ventures. This method converts residual gas, restricted from burning due to environmental laws, into power for mining cryptocurrencies, hinting at future AI use. Pluspetrol and Tecpetrol pioneered this approach, drawing interest from Petrocuyo and Pampa Energía. Pampa, under […]
Angola Asserts Independence in OPEC+ Oil Quota Dispute
Angola’s representative to OPEC announced that the country has rejected the oil production quota proposed by the organization for 2024. Angola plans to maintain its production goal of 1.18 million barrels per day, challenging OPEC+’s lower suggested limit. This decision was communicated after the 36th ministerial meeting of the 23-country group. Estevão Pedro, representing Angola, […]
Brazil Sets $400M for Amazon Safety
Brazil will allocate $400 million to enhance security in the Amazon, according to Ricardo Capelli, Executive Secretary of the Justice Ministry. The strategy will establish 34 new security outposts. A National Security Force command center and an international cooperation hub will also be set up. Capelli remarked, “We are launching a bold plan called ‘Secure […]