(The Washington Institute, 27.Sep.2024) — The kingdom anticipates and accepts lower oil prices, according to a news report, but the impact on other producers could be comparatively damaging. On September...
(Al Jazeera, 11.Jan.2024) — Argentina and the International Monetary Fund (IMF) have finalised an agreement to release $4.7bn as part of a debt restructuring plan for the troubled South American nation. Latin...
(IMF, 10.Jan.2024) — An International Monetary Fund (IMF) team, led by Luis Cubeddu, Deputy Director of the Western Hemisphere Department and Ashvin Ahuja, Mission Chief for Argentina, issued the following...
(IMF, 31.Oct.2023) — End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those...
(Reuters, 24.May.2023) — The Argentine government has asked oil companies to finance their own imports for 90 days due to the shortage of foreign currency at the country's central bank,...
(Reuters, 5.Apr.2023) — The International Monetary Fund (IMF) has given Argentina something of break by easing economic targets in its $44 billion loan deal, but some rosier-than-reality program forecasts may...
(IMF, 22.Dec.2022) — Climate change is an environmental issue. It’s also clearly an economic issue, and at the heart of the economics of climate change is energy security. The ripple...
(IMF, 26.Jul.2022) — The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. Many of the downside risks flagged...
(Bloomberg, 2.Jul.2022) — Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated. Guzman announced his decision...
(Energy Analytics Institute, 23.Apr.2022) — Energy and financial briefs including Argentina’s Finance Minister Martín Guzmán holding a wide ranging discussion in the US with International Monetary Fund (IMF) First Deputy...
(The Gleaner, 20.Mar.2022) — A day after Russia invaded Ukraine, sending oil prices skyrocketing to heights not seen since 2014, McCarthy Marie, a former University of the West Indies economist,...
(IMF, 3.Mar.2022) — An International Monetary Fund (IMF) team, led by Julie Kozack, Deputy Director of the Western Hemisphere Department, and Luis Cubeddu, Mission Chief for Argentina, issued the following...
(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath...
(World Bank, 11.Jan.2022) — Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt,...
(IMF, 22.Dec.2021) — The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Fund Facility (EFF) for Suriname in an amount equivalent to SDR472.8mn...
(Reuters, 21.Dec.2021) — Argentina's President Alberto Fernandez will sign a decree in the next few weeks to push forward construction of a major new gas pipeline system in the country's...
(Energy Analytics Institute, 30.Sep.2021) — Energy briefs including Argentina’s YPF announcing details of its 3Q:21 webcast, Petrobras Global Finance B.V. (PGF) on settlement of early redemption of global notes, and...
(Energy Analytics Institute, 13.May.2021) — Energy briefs from the Latin America and Caribbean region including: ongoing national strike and protests in Colombia impacting fuel supply; Argentina’s President to meet with...
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina only paying the IMF around $3.1bn in interest and arrest warrants being issued for...
(IMF, 24.Mar.2021) — Barbados has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential data through the National Summary Data Page (NSDP). The e-GDDS...
(Energy Analytics Institute, 23.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: the IMF contemplating lending $4.4bn to Argentina and Uruguay’s ANCAP reporting a $12mn loss in...
(Energy Analytics Institute, 17.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Argentina, Colombia and Uruguay including: YPF’s investment plans in Chubut, Argentina’s economic minister’s plans to visit...
(AP, 24.Feb.2021) — It seemed like a match made in finance heaven. In 2010, China, its economy roaring and state companies looking to expand globally, set its eyes on Latin...
(IMF, 31.Jan.2021) — The International Monetary Fund (IMF) expects policy support and vaccines for Covid-19 to lift economic activity worldwide. Policy Support and Vaccines Expected to Lift Activity Although recent...
(Wall Street Journal, 30.Jan.2021) — With Argentina broke, Finance Minister Martín Guzmán is pushing for a deal by May with the International Monetary Fund to repay $44 billion in debt....
(Reuters, 21.Jan.2020) — As the former British colony begins its first significant oil production this year, it is wary of avoiding the mistakes made in oil-dependent economies such as Angola,...
(The New York Times, 20.Jan.2021) — The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters...
(Energy Analytics Institute, 11.Nov.2020) — Briefs on Argentina and Chile related to IMF officials in Argentina to renegotiate around $44bn in debt and tensions rise in Chile over pension reform....
(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the...
(Argus, 7.Oct.2020) — Ecuador hopes to sign a new $1.4bn oil-backed sovereign credit agreement with China next month that would restructure existing loans and encourage competition among Chinese oil trading...
(IMF, 1.Oct.2020) — The Executive Board of the International Monetary Fund (IMF) approved a 27-month extended arrangement under the Extended Fund Facility (EFF) for Ecuador, with access equivalent to SDR...
(Ecuadorian Government, 28.Aug.2020) — The International Monetary Fund (IMF) announced today that it had reached a staff-level agreement on a new funded program for the Republic of Ecuador. Accordingly, the IMF...
(Energy Analytics Institute, 4.Aug.2020) — International Monetary Fund Managing Director Kristalina Georgieva sent out a congratulations to President Alberto Fernandez, Minister Martin Guzman and Argentina’s main creditor groups on reaching...
(IMF, 23.Jul.2020) — Transcript of International Monetary Fund (IMF) press briefing on Nigeria, Argentina, and other countries. MR. RICE: Good morning everyone and welcome to this press briefing on behalf...
(World Bank, 21.Jul.2020) — Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to...
(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service stations, in a significant shift...
(Oilprice.com, 6.Apr.2020) — Amidst the torrent of news on the adverse impacts of COVID-19, recent developments in Guyana stand out as something of a countercurrent. In times when the entire...
(IMF, 20.Mar.2020) — At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released today a technical note prepared by IMF staff...
(IMF, 19.Feb.2020) — An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires [1] from February...
(IHSMarkit, 24.Jan2020) — In an environment of oil supply glut, a new player entered the scene. Guyana, a nation bordering Venezuela and Brazil - two countries with large oil reserves...
(Reuters, 12.Nov.2019) — Ecuadorean Oil Minister Carlos Perez on Tuesday announced his resignation in what he called a personal decision to spend more time with his family, weeks after the...
(Bloomberg, Mac Margolis, 5.Nov.2019) — Early last month, Guyanese President David Granger was knees-down in a community garden brandishing a spade. Granger was there to plant a tree — it was...
(Energy Analytics Institute, Piero Stewart, 9.Oct.2019) — Operations at the SOTE have been affected during protests in Ecuador and resultantly operations have been reduced to 30% of capacity, due to...
(Amazon Watch, 8.Oct.2019) — In response to economic austerity measures announced by Ecuadorian president Lenin Moreno on October 1, Ecuador's National Indigenous Movement, represented by CONAIE (National Confederation of Indigenous...
(IMF, 2.Oct.2019) — The reforms announced yesterday by President Lenin Moreno aim to improve the resilience and sustainability of Ecuador’s economy and foster strong, and inclusive growth. The announcement included...
(Argus, 26.Sep.2019) ) — Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that promises to transform the economy...
(Petroleum Economist, Charles Waine, 14.May.2019) — Argentina's hope of fast-tracking production from its vast Vaca Muerta shale play, the world's second largest by output, could be delayed as the country...
(Energy Analytics Institute, Piero Stewart, 24.Jan.2019) — Hyperinflation in Venezuela is expected to exceed 10,000,000% in 2019, reported online media El Nacional, citing data from the International Monetary Fund (IMF)....
(Market Watch, Myra P. Saefong, 23.Jan.2019) — Venezuela’s political turmoil may lead to a near-term shortage of crude for some U.S. refiners. But in the long run, it could lead...
(AP, 5.Dec.2018) — Argentina’s president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for tough times ahead as his...
(OilPrice.com, Tsvetana Paraskova, 15.Nov.2018) — OPEC’s member Venezuela—which is sitting on the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside...
(S&P Global Platts, Bernardo Fallas, 13.Nov.2018) — Argentina-based energy company Pampa Energia is cutting polystyrene and styrene butadiene rubber production amid lackluster demand in Argentina and barriers to export, two...
(Reuters, 8.Nov.2018) — The International Monetary Fund (IMF) on Thursday called for an improvement in Mexican state oil company Pemex’s financial position before it invests in building new refineries. Mexico’s...
(Energy Analytics Institute, Aaron Simonsky, 3.Oct.2018) — Details of the International Monetary Fund (IMF) estimates were reported by the daily newspaper La Razón, citing a speech made by Bolivia’s President...
(Reuters, Deisy Buitrago and Brian Ellsworth, 14.Aug.2018) – Venezuela’s heavily subsidised domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel...
[caption id="attachment_2762" align="alignnone" width="1484"] Oil pumpjacks are seen in Venezuela in May. (Isaac Urrutia/Reuters)[/caption] (Washington Post, Megan McArdle, 27.Jul.2018) – According to the International Monetary Fund, by the end of...
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – Hiking the price of gasoline in Venezuela won’t fix the OPEC country’s fiscal problem. That’s according to recent statements from an opposition leader....
(Bloomberg, Andrew Rosati, 23.Jul.2018) – Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing...
(AFP, 18.Jul.2018) – Venezuela is in a state of “economic collapse” with hyperinflation not seen since the middle of the last century, the International Monetary Fund said Monday. Despite higher...
(OilPrice.com, Haley Zaremba, 17.Jul.2018) – In the past, oil has accounted for 96 percent of Venezuela's exports and over 40 percent of government revenues. Now, as the nation’s economy continues...
(Jamaica Gleaner, 11.Jul.2018) – In a matter of months, the US$1.6 billion, or more than J$208 billion, now in the PetroCaribe Development Fund (PDF) is to flow to the Consolidated...
(Trinidad Express, Aleem Khan, 4.Jul.2019) – High oil prices on their own appear to be good neither for Trinidad and Tobago nor Barbados, according to statements by an International Monetary...
(Reuters, Luc Cohen, 1.Jul.2018) – Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move...
[caption id="attachment_950" align="alignnone" width="688"] Installations at Petrotrin. Source: Petrotrin[/caption] (Trinidad and Tobago Newsday, Julien Neaves, 27.Jun.2018) – Guyana and its eight oil finds can be a game changer for state-owned...
(Energy Analytics Institute, Jared Yamin, 25.May.2018) – The International Monetary Fund (IMF) approved a new two-year flexible credit line with Colombia for nearly $11.4 billion. The new credit replaces the former...
(World Bank, 11.May.2018) – How do you turn on a light at night when you’ve left the power grid far, far behind? In Bolivia, the solution is solar power. This...
(Rystad, 19.Apr.2018) — Rystad Energy analysis shows that Guyana’s fiscal regime is favorable to oil companies when compared to mature oil and gas development countries but is in line when...
