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Economy & Business - July 2011 (ISSN 1741-7430)
OIL: Venezuela now number one, but Brazil looming
On 19 July the Organization of Petroleum Exporting Countries (Opec) reported a 12.1% annual increase in its total proven reserves to 1.9bn barrels (b) in 2010. Venezuela overtook Saudi Arabia as the number one reserve holder in the 12-country bloc. More significantly Brazil, currently the region’s third biggest oil producer and like the second biggest, Mexico, not an Opec member, will match Venezuela’s daily output of crude oil, perhaps as soon as 2015.
- The dollar problem and Dutch Disease
- Taking the long view...
- Brazil is still booming, defying naysayers
- ARGENTINA: Glimmerings of an industrial policy
- CHILE: Larraín frets
- PARAGUAY: Rumbles
- URUGUAY: Inflation the focus of attention
- BOLIVIA: Rising gas demand fuels state profits
- COLOMBIA: Dutch disease worries
- ECUADOR: Powering on
- PERU: Ollanta is aiming high
- VENEZUELA: Chávez tries for price controls
- COSTA RICA: Government hits revenue problems
- CUBA: The food problem persists
- DOMINICAN REPUBLIC: Economic problems will feature in 2012 polls
- EL SALVADOR: Key percentages still not right
- GUATEMALA: Govt threatens to slash spending in order to pressure congress
- HONDURAS: Changes to the exchange rate system
- NICARAGUA: Private sector gets hot under the collar
- PANAMA: Consumer confidence droops
- OIL: Venezuela now number one, but Brazil looming
- COPPER: Codelco strikers halt output
- OIL: Opec forecasts decline for Pemex
- BANANAS & SUGAR: Brazil allows Ecuadorean bananas in again
- RETAIL: Polar’s problems continue
- DEBT: Dominican Republic issues US$500m