Colombia’s export landscape in August 2024 painted a picture of both progress and challenges. The country’s total exports reached US$3.845 billion, marking a 2.5% decrease from August 2023. This figure, while substantial, fell short of the previous year’s performance, highlighting ongoing economic hurdles. The petroleum sector, traditionally Colombia’s export powerhouse, faced significant headwinds. Oil exports […]
Related Posts
Oil Prices Surge to Four-Month High Amid Demand Forecast Increase
Oil prices soared to their highest in four months, driven by the International Energy Agency’s (IEA) updated forecasts. These projections show increased global demand and a reduction in supply estimates, highlighting the oil market’s shifting dynamics. WTI crude oil prices broke past $81 per barrel, underscoring the significant market movements. Even with the U.S. dollar […]
Escalation in Lebanon: Israel Responds to Attacks
On February 14, 2024, Israel retaliated with strikes in southern Lebanon following missile attacks on its northern region. This reaction came after Lebanese forces killed an Israeli soldier, heightening regional tensions and the risk of conflict escalation. The Israeli Defense Forces (IDF) confirmed one soldier’s death and seven civilians injured in Israel. On the Lebanese […]
Chile Predicts Higher Copper Prices in 2024-2025
Chile’s National Copper Commission (Cochilco) forecasts a rise in copper prices to $3.85 per pound in 2024 and $3.90 in 2025. This forecast comes from the recent “Copper Market Trends Report,” which focuses on the metal’s future price, demand, and supply. The report shows that global copper production is set to rise. In 2024, the […]