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  • ✇The Rio Times
  • OPEC Raises Brazil Oil Forecast to 4.7M Barrels a Day for 2026 Richard Mann
    Key Facts —The headline: The Organization of the Petroleum Exporting Countries raised its forecast for Brazilian liquid-fuel production in 2026 by 270,000 barrels per day to an average of 4.7 million bpd, up from the prior 4.6 million bpd estimate, in its monthly oil-market report released on May 13. —The 2027 upgrade: OPEC also lifted […] The post OPEC Raises Brazil Oil Forecast to 4.7M Barrels a Day for 2026 appeared first on The Rio Times.
     

OPEC Raises Brazil Oil Forecast to 4.7M Barrels a Day for 2026

13 May 2026 at 18:44

Key Facts —The headline: The Organization of the Petroleum Exporting Countries raised its forecast for Brazilian liquid-fuel production in 2026 by 270,000 barrels per day to an average of 4.7 million bpd, up from the prior 4.6 million bpd estimate, in its monthly oil-market report released on May 13. —The 2027 upgrade: OPEC also lifted […]

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  • ✇The Rio Times
  • Brazil’s Galípolo: Iran Oil Shock Tests Central Bank Credibility Arkady Petrov
    Key Facts —The framework: Brazilian Central Bank President Gabriel Galípolo told the 4th BCB Annual Conference on May 13 that the current monetary-policy challenge is separating genuine supply shocks (from the Middle East war and climate effects) from second-order effects, with the latter requiring extra vigilance given Brazil’s unanchored inflation expectations and tight labor market. […] The post Brazil’s Galípolo: Iran Oil Shock Tests Central Bank Credibility appeared first on The Rio Times.
     

Brazil’s Galípolo: Iran Oil Shock Tests Central Bank Credibility

13 May 2026 at 18:39

Key Facts —The framework: Brazilian Central Bank President Gabriel Galípolo told the 4th BCB Annual Conference on May 13 that the current monetary-policy challenge is separating genuine supply shocks (from the Middle East war and climate effects) from second-order effects, with the latter requiring extra vigilance given Brazil’s unanchored inflation expectations and tight labor market. […]

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  • ✇The Rio Times
  • Iran War Adds 5-6% to Mexican Home Costs as Brent Tops US$110 Florencia Belén Ruiz
    Key Facts —The estimate: The Mexican National Housing Development and Promotion Chamber (Canadevi) projects the Iran war oil-price shock will add 5-6% to the cost of building a new home in Mexico if Brent stays above US$110 per barrel, with the increase already flowing through cement, steel, aluminum and plastic-derivative materials. —The mechanics: Aluminum prices […] The post Iran War Adds 5-6% to Mexican Home Costs as Brent Tops US$110 appeared first on The Rio Times.
     

Iran War Adds 5-6% to Mexican Home Costs as Brent Tops US$110

13 May 2026 at 18:32

Key Facts —The estimate: The Mexican National Housing Development and Promotion Chamber (Canadevi) projects the Iran war oil-price shock will add 5-6% to the cost of building a new home in Mexico if Brent stays above US$110 per barrel, with the increase already flowing through cement, steel, aluminum and plastic-derivative materials. —The mechanics: Aluminum prices […]

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  • ✇The Rio Times
  • Brazilian Police Raid Cajamar Pension Over US$22M Loss to Master Arkady Petrov
    Key Facts —The operation: The Brazilian Federal Police launched Operation Off-Balance on May 13, executing six search and seizure warrants in Cajamar, Boituva, and São Paulo to investigate R$107 million (US$27 million) in suspicious investments by the Cajamar municipal pension fund, including R$87 million (US$22 million) in liquidated Banco Master notes. —The targets: Three former […] The post Brazilian Police Raid Cajamar Pension Over US$22M Loss to Master appeared first on The Rio Times.
     

Brazilian Police Raid Cajamar Pension Over US$22M Loss to Master

13 May 2026 at 18:19

Key Facts —The operation: The Brazilian Federal Police launched Operation Off-Balance on May 13, executing six search and seizure warrants in Cajamar, Boituva, and São Paulo to investigate R$107 million (US$27 million) in suspicious investments by the Cajamar municipal pension fund, including R$87 million (US$22 million) in liquidated Banco Master notes. —The targets: Three former […]

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  • ✇The Rio Times
  • Colombia External Debt Jumps Nearly US$30 Billion to 55% of GDP Juan Martinez
    Key Facts —The headline: Colombia’s gross external debt reached US$252.168 billion in February 2026, equivalent to 55% of GDP, according to Banco de la República data released this week; the stock is up US$29.595 billion year-on-year from US$222.573 billion in February 2025. —The split: Public-sector external debt accounts for US$157.130 billion (34.3% of GDP), and […] The post Colombia External Debt Jumps Nearly US$30 Billion to 55% of GDP appeared first on The Rio Times.
     

Colombia External Debt Jumps Nearly US$30 Billion to 55% of GDP

13 May 2026 at 18:11

Key Facts —The headline: Colombia’s gross external debt reached US$252.168 billion in February 2026, equivalent to 55% of GDP, according to Banco de la República data released this week; the stock is up US$29.595 billion year-on-year from US$222.573 billion in February 2025. —The split: Public-sector external debt accounts for US$157.130 billion (34.3% of GDP), and […]

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  • ✇The Rio Times
  • Petro Confirms ELN Bombing in Catatumbo, Kills Seven Guerrillas Sofia Gabriela Martinez
    Key Facts —The strike: Colombian President Gustavo Petro confirmed on May 12 that he personally ordered an air-strike against an ELN camp in rural Tibú, Norte de Santander, in the early hours of May 11; the operation killed at least seven members of the ELN’s central command security ring. —The Petro quote: “I gave the […] The post Petro Confirms ELN Bombing in Catatumbo, Kills Seven Guerrillas appeared first on The Rio Times.
     

Petro Confirms ELN Bombing in Catatumbo, Kills Seven Guerrillas

13 May 2026 at 18:03

Key Facts —The strike: Colombian President Gustavo Petro confirmed on May 12 that he personally ordered an air-strike against an ELN camp in rural Tibú, Norte de Santander, in the early hours of May 11; the operation killed at least seven members of the ELN’s central command security ring. —The Petro quote: “I gave the […]

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  • ✇The Rio Times
  • Colombia’s Ecopetrol Posts Worst Q1 Since Pandemic at US$742 Million Matias Sebastian Lopez
    Key Facts —The headline: Colombia’s state-owned Ecopetrol (NYSE: EC; BVC: ECOPETROL) reported a net profit of COP$2.88 trillion (US$742 million) for Q1 2026, down 7.7% year-on-year and the company’s weakest first quarter since the COVID-19 pandemic shock of Q1 2020. —The revenue compression: Total revenue fell 8.7% to COP$28.6 trillion (US$7.36 billion) from COP$31.3 trillion […] The post Colombia’s Ecopetrol Posts Worst Q1 Since Pandemic at US$742 Million appeared first on The Rio Times.
     

Colombia’s Ecopetrol Posts Worst Q1 Since Pandemic at US$742 Million

13 May 2026 at 17:53

Key Facts —The headline: Colombia’s state-owned Ecopetrol (NYSE: EC; BVC: ECOPETROL) reported a net profit of COP$2.88 trillion (US$742 million) for Q1 2026, down 7.7% year-on-year and the company’s weakest first quarter since the COVID-19 pandemic shock of Q1 2020. —The revenue compression: Total revenue fell 8.7% to COP$28.6 trillion (US$7.36 billion) from COP$31.3 trillion […]

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  • ✇The Rio Times
  • Lula Edges Flávio Bolsonaro 42% to 41% in Quaest Runoff Poll Arkady Petrov
    Key Facts —The headline: Genial/Quaest’s May 13 poll shows President Luiz Inácio Lula da Silva at 42% to Senator Flávio Bolsonaro’s 41% in a potential second-round vote, a numerical edge inside the 2-point margin of error and a reversal from the April poll, when Flávio led 42% to 40%. —The first round: Lula leads 39% […] The post Lula Edges Flávio Bolsonaro 42% to 41% in Quaest Runoff Poll appeared first on The Rio Times.
     

Lula Edges Flávio Bolsonaro 42% to 41% in Quaest Runoff Poll

13 May 2026 at 17:45

Key Facts —The headline: Genial/Quaest’s May 13 poll shows President Luiz Inácio Lula da Silva at 42% to Senator Flávio Bolsonaro’s 41% in a potential second-round vote, a numerical edge inside the 2-point margin of error and a reversal from the April poll, when Flávio led 42% to 40%. —The first round: Lula leads 39% […]

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