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Petrobras’s Q1 2024: Production Growth Amid Challenges
In Q1 2024, Brazil’s Petrobras reported a production of 2.776 million barrels per day (bpe/d), a 3.7% increase from 2023. Despite this, there was a 5.4% decline from the previous quarter. Specifically in Brazil, production reached 2.742 million bpe/d, up 3.9% year-over-year but down 5.5% from the previous quarter. The company linked the quarterly drop […]
Arizona Supreme Court upholds near-total abortion ban
The Arizona Supreme Court issued a ruling on Tuesday reverting the state back to a 160-year-old, pre-statehood law that outlaws abortions in nearly all circumstances and criminalizes abortions. The law would also make it a felony for anyone who “provides, supplies or administers to a pregnant woman, or procures such woman to take any medicine, […]
Venezuela Opposes Guyana’s Oil Auction in Contested Waters
Venezuela has denounced Guyana’s recent oil auctions in disputed maritime areas. The government calls these activities “unlawful,” citing unresolved boundary issues between the nations. In response, the Venezuelan Foreign Ministry released a statement. It asserts that Guyana lacks sovereign rights over these waters. As such, actions there defy international law without a deal with Venezuela. […]