Venezuela
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
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Putin rolls out red carpet for Maduro as Venezuela cements Russian alliance
President Nicolás Maduro arrived in Moscow on May 7 for talks with Vladimir Putin, where both sides committed to expanding cooperation across defence, energy, technology, and finance.
Venezuelan dissidents escape Argentine embassy after year-long standoff in Caracas
Five Venezuelan dissidents who had sought refuge in Argentina’s embassy in Caracas have escaped the country after more than a year in hiding, in what sources described as a covert military operation led by the United States.
ECLAC cuts Latin America growth forecast amid global uncertainties
The UN's Economic Commission for Latin America and the Caribbean (ECLAC) has downgraded its 2025 growth forecast to 2%, adding to a chorus of international institutions painting a bleak outlook for the region.
Trinidad opposition sweeps to power in decisive election victory
Trinidad and Tobago's parliamentary elections on April 28 delivered a victory for Kamla Persad-Bissessar's centre-left United National Congress (UNC) party, which secured 26 of 41 seats in the House of Representatives.
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Venezuela embraces Russian GLONASS in challenge to US satellite dominance
Russia is accelerating the expansion of ground correction stations for its GLONASS satellite navigation system across Latin America, with Venezuela set to become the latest country to host the technology within weeks.
LatAm set to be world's slowest-growing region as World Bank slashes forecasts
Economic expansion for region projected to be slowest globally as external pressures mount
Venezuela’s Henrique Capriles expelled from opposition party
Venezuela’s opposition party Primero Justicia has expelled six senior members, including former presidential candidate Henrique Capriles, over their decision to contest upcoming legislative and regional elections in May.
Venezuela's Maduro to attend Moscow's Victory Day parade
Venezuelan President Nicolas Maduro will travel to Moscow to participate in Russia's Victory Day celebrations on May 9, Russian Foreign Minister Sergei Lavrov has announced.
Latin American leaders blast US tariffs at CELAC summit as China offers economic lifeline
Latin American leaders gathered in Honduras on April 9 to condemn United States trade measures during the ninth summit of the Community of Latin American and Caribbean States (CELAC).
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US cancels Shell, BP licences for Venezuela and Trinidad offshore projects
In a significant setback for Trinidad and Tobago's energy ambitions, Prime Minister Stuart Young announced that the United States had revoked crucial OFAC licenses that enabled major cross-border natural gas developments with Venezuela.
Latin America to miss more than three-quarters of 2030 sustainability targets, ECLAC says
The region's progress on UN goals is hampered by weak institutions and debt burden, warns UN commission in a new report.
Tariffs: Who Imports Venezuelan Oil? - Statista
On top of being the potential target of reciprocal tariffs by the United States from April 2 on, India has now been threatened with another type of US trade action.
Venezuelan opposition aligns with Maduro on Essequibo claims, risking US ties
Venezuelan opposition leaders María Corina Machado and Edmundo González Urrutia reaffirmed their commitment to defending the country’s century-old claim over Guyana's Essequibo territory.
Latin America escapes full wrath of Trump's tariffs, as few nations bear brunt
Most regional economies hit with baseline 10% rate while Venezuela, Nicaragua and Guyana face steeper levies.
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Nearly 1,500 migrants deported from US, Venezuela confirms
Venezuela's government has confirmed the return of nearly 1,500 Venezuelan migrants deported from the United States, following the arrival of a flight carrying 175 deportees.
US revokes Repsol, Eni, and Maurel et Prom Venezuela oil licences
The Trump administration has stripped oil majors Repsol, Maurel et Prom and Eni of Venezuela crude export licences, ratcheting up pressure on the regime of President Nicolas Maduro.
Trump threatens 25% tariffs on Venezuelan oil buyers, extends Chevron licence
US President Donald Trump has announced a sweeping 25 per cent tariff on any country purchasing oil or gas from Venezuela, escalating his administration's economic pressure on the South American country and its international trading partners.
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IMF: How Artificial Intelligence can boost productivity in Latin America
Latin America and the Caribbean has long been a region with one of the most informal labour markets. A large part of the workforce is outside of the formal economy, leaving many people without access to benefits and protections.
Venezuelan opposition members endure year-long confinement in Argentina's embassy
A year has passed since six key members of Venezuelan opposition leader María Corina Machado’s campaign team sought refuge in Argentina’s embassy in Caracas to evade arrest by Nicolás Maduro’s regime.