On April 16, following the arrest of former Ecuadorian Vice President Jorge Glas, Venezuelan President Nicolás Maduro ordered the closure of his country’s embassy and two consulates in Ecuador. The closures, impacting the embassy in Quito and consulates in Quito and Guayaquil, underscore a sharp protest against what Maduro views as a breach of international […]
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Oil Prices Jump 2% Amid Supply Concerns
Following unexpected events, oil prices jumped more than 2% on Wednesday. This increase was driven by attacks on Russian refineries and a surprising decline in U.S. oil stocks, coupled with a weaker dollar enhancing the appeal of oil. On NYMEX, April’s West Texas Intermediate rose 2.78% to $79.72/barrel, and May’s Brent crude climbed 2.57% to […]