(World Bank, 21.Jul.2020) â Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion […]
Tag: IMF
Venezuela, In Historic Shift, Scales Back Fuel Subsidy
(WSJ, 31.May.2020) â The regime of NicolĂĄs Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service […]
Political Battle Could Jeopardize Oil Boom
(Oilprice.com, 6.Apr.2020) â Amidst the torrent of news on the adverse impacts of COVID-19, recent developments in Guyana stand out as something of a countercurrent. […]
IMF Managing Dir. Kristalina Georgieva On Argentina
(IMF, 20.Mar.2020) â At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released today a technical […]
IMF Staff Statement On Argentina
(IMF, 19.Feb.2020) â An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited […]
Guyana â The Worldâs Newest Oil Producer
(IHSMarkit, 24.Jan2020) â In an environment of oil supply glut, a new player entered the scene. Guyana, a nation bordering Venezuela and Brazil – two […]
Ecuador Oil Minister Resigns
(Reuters, 12.Nov.2019) â Ecuadorean Oil Minister Carlos Perez on Tuesday announced his resignation in what he called a personal decision to spend more time with […]
Can Guyana Survive Striking It Rich?
(Bloomberg, Mac Margolis, 5.Nov.2019) â Early last month, Guyanese President David Granger was knees-down in a community garden brandishing a spade. Granger was there to plant […]
SOTE Operations Reduced To 30% Of Capacity
(Energy Analytics Institute, Piero Stewart, 9.Oct.2019) â Operations at the SOTE have been affected during protests in Ecuador and resultantly operations have been reduced to […]
Amazon Watch On Ecuador Strike
(Amazon Watch, 8.Oct.2019) â In response to economic austerity measures announced by Ecuadorian president Lenin Moreno on October 1, Ecuador’s National Indigenous Movement, represented by […]
IMF Provides Update On Ecuador
(IMF, 2.Oct.2019) â The reforms announced yesterday by President Lenin Moreno aim to improve the resilience and sustainability of Ecuadorâs economy and foster strong, and […]
Guyana Key Elections To Come Ahead Of First Oil
(Argus, 26.Sep.2019) ) â Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that […]
Argentina’s Economic Crisis Threatens To Stall Vaca Muerta
(Petroleum Economist, Charles Waine, 14.May.2019) â Argentina’s hope of fast-tracking production from its vast Vaca Muerta shale play, the world’s second largest by output, could […]
Argentine Leader Sees Tough Road Ahead
(AP, 5.Dec.2018) â Argentinaâs president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for […]
Venezuela Set To Share Economic Data With IMF
(OilPrice.com, Tsvetana Paraskova, 15.Nov.2018) â OPECâs member Venezuelaâwhich is sitting on the worldâs largest crude oil reserves but which is suffering the worst loss of […]
Pampa Energia Curbs Polystyrene, Styrene Butadiene Rubber Output On Demand
(S&P Global Platts, Bernardo Fallas, 13.Nov.2018) â Argentina-based energy company Pampa Energia is cutting polystyrene and styrene butadiene rubber production amid lackluster demand in Argentina […]
Mexico Should Fix Pemex Finances Before New Refining Investments: IMF
(Reuters, 8.Nov.2018) â The International Monetary Fund (IMF) on Thursday called for an improvement in Mexican state oil company Pemexâs financial position before it invests […]
Boliviaâs Economic Growth Expected to Exceed 4.5%: IMF
(Energy Analytics Institute, Aaron Simonsky, 3.Oct.2018) â Details of the International Monetary Fund (IMF) estimates were reported by the daily newspaper La RazĂłn, citing a […]
Venezuela Petrol Prices Need to Rise to Stop Smuggling
(Reuters, Deisy Buitrago and Brian Ellsworth, 14.Aug.2018) â Venezuelaâs heavily subsidised domestic gasoline prices should rise to international levels to avoid billions of dollars in […]
Venezuela Inflation to Hit 1 Mln Percent. Thanks, Socialism.
(Washington Post, Megan McArdle, 27.Jul.2018) â According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will […]
Hiking Gasoline Wonât Fix Venezuelaâs Fiscal Problem
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â Hiking the price of gasoline in Venezuela wonât fix the OPEC countryâs fiscal problem. Thatâs according to recent […]
Venezuela’s Inflation to Reach 1 Million Percent
(Bloomberg, Andrew Rosati, 23.Jul.2018) â Venezuelaâs inflation will skyrocket to 1 million percent by the end of the year as the government continues to print […]
Venezuela Facing ‘Economic Collapse’, IMF Warns
(AFP, 18.Jul.2018) â Venezuela is in a state of âeconomic collapseâ with hyperinflation not seen since the middle of the last century, the International Monetary […]
Why Is Venezuela Still Sending Subsidized Oil To Cuba?
(OilPrice.com, Haley Zaremba, 17.Jul.2018) â In the past, oil has accounted for 96 percent of Venezuela’s exports and over 40 percent of government revenues. Now, […]
PetroCaribe fund to flow into government coffers
(Jamaica Gleaner, 11.Jul.2018) â In a matter of months, the US$1.6 billion, or more than J$208 billion, now in the PetroCaribe Development Fund (PDF) is […]
Oil Price Weighs on Barbados’ Inflation
(Trinidad Express, Aleem Khan, 4.Jul.2019) â High oil prices on their own appear to be good neither for Trinidad and Tobago nor Barbados, according to […]
Argentina to Free Retail Fuel Prices
(Reuters, Luc Cohen, 1.Jul.2018) â Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar […]
Guyana Potential Game Changer for Petrotrin
(Trinidad and Tobago Newsday, Julien Neaves, 27.Jun.2018) â Guyana and its eight oil finds can be a game changer for state-owned Petrotrin and TT, says […]
IMF Approves New $11.5 Bln Colombia Credit
(Energy Analytics Institute, Jared Yamin, 25.May.2018)Â Â â The International Monetary Fund (IMF) approved a new two-year flexible credit line with Colombia for nearly $11.4 billion. The […]
Solar Power Lights Up Rural Bolivia
(World Bank, 11.May.2018) â How do you turn on a light at night when youâve left the power grid far, far behind? In Bolivia, the […]
Favorable Terms To Help Guyana Prove Potential
(Rystad, 19.Apr.2018) â Rystad Energy analysis shows that Guyanaâs fiscal regime is favorable to oil companies when compared to mature oil and gas development countries […]
