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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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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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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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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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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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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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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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.
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