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☆ Croft: Guyana has been a big driver of supply in the oil market, and is hugely important to Exxon
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCroft: Guyana has been a big driver of supply in the oil market, and is hugely important to ExxonRBC Capital's Helima Croft discusses the global importance of a giant oil block in Guyana, that's prompting a corporate dispute between Chevron and Exxon Mobil, and stoking geopolitical tensions.

Persons: Helima Croft Organizations: Exxon RBC, Chevron, Exxon Mobil Locations: Croft, Guyana

☆ Opinion: A Sydney ‘copshop’ with a dark history. And the gay community reclaiming it
▼ + stars: | 2024-02-22 | by ( Opinion Gary Nunn | ) edition.cnn.com time to read: +8 min

Police arrest a protester during a gay rights demonstration, which would become known as the first Sydney Gay and Lesbian Mardi Gras, June 1978. A permanent place to learn and healThere’s never been a more crucial time to record and display the stories and history of my LGBTQI community. LGBTQ+ activists demonstrate in what would evolve into the Sydney Gay and Lesbian Mardi Gras, 1978. Many arrested gay men were sent to Cooma — the world’s only known jail for gay men — also in New South Wales. My gay community finally gets to tell their own history in a venue that imprisoned and beat us for simply being ourselves.

Persons: Gary Nunn, Read, Gary Nunn Qtopia, Sydney’s, Anthony Albanese, “ ‘, ”, Darlo copshop, Steve Warren, Peter Murphy, Murphy, Qtopia, They’ve, videographers, There’s, —, David Polson, wasn’t, “, Cooma, David hasn’t, He’s Organizations: Sydney CNN, Darlinghurst Police, “ ‘ 78ers, ‘ 78ers, 78ers, Police, Sydney Gay, Mardi Gras, Sydney Morning Herald, Fairfax Media, Getty, Warren, Mardi, South Wales, Gay, NSW police, Goliath Locations: Sydney, Australia, Darlinghurst, San Francisco, London, South, Qtopia, New South Wales, Uganda, Malaysia, Guyana, Dominica, Nigeria, Pakistan

☆ Saint Vincent Court Rejects Challenge to Colonial-Era Anti-Gay Laws
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Robertson S. HenryKINGSTOWN (Reuters) - The top court in Saint Vincent and the Grenadines dismissed a challenge to anti-gay laws dating to British colonial rule on Friday, leaving the Caribbean country among a handful that still prescribes harsh criminal penalties against gays and lesbians. Local laws call for up to ten years incarceration for anyone who has same-sex relations, under a 1988 criminal code that upheld laws from the colonial era. In her ruling, Judge Esco Henry held that Johnson and Macleish did not have the standing to challenge the laws since they do not live in the country. Activists argue that the laws that criminalize consensual same-sex relations between adults encourage physical abuse and discrimination, even though they are rarely if ever enforced. But elsewhere in the Caribbean, Saint Kitts and Nevis, Antigua and Barbuda, and Barbados have decriminalized gay sex in 2022, while Trinidad and Tobago struck down its ban altogether in 2018.

Persons: Robertson S, Henry KINGSTOWN, Javin Johnson, Sean Macleish, Judge Esco Henry, Johnson, Macleish, Cristian Gonzalez, Saint Vincent, Henry, Sarah Morland, David Alire Garcia, Raju Gopalakrishnan Organizations: Reuters, Eastern Caribbean Court of Appeal, Activists, Rights Watch Locations: Saint Vincent, Grenadines, Caribbean, Jamaica, Dominica, Saint Lucia, Guyana, Grenada, Saint Kitts, Nevis, Antigua, Barbuda, Barbados, Trinidad and Tobago, Kingstown, Mexico City

☆ Why oil prices aren’t soaring despite Middle East uncertainty
▼ + stars: | 2024-02-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Oil prices spiked last month following US-led strikes on Houthi targets in Yemen in response to repeated attacks on commercial ships in the Red Sea. One factor that could be keeping the cap on oil prices is waning demand. “Global oil demand growth is losing momentum,” said the agency in its February report. While global oil demand growth is slowing, supply has stayed relatively strong, potentially putting further downward pressure on oil prices. “Higher global oil supply this year, led by the United States, Brazil, Guyana and Canada, should more than eclipse the expected rise in world oil demand,” said the report.

Persons: Bell, ”, Donald Trump, Matt Egan, —, Trump, Jay Ritter, Read, Anna Bahney, Freddie Mac, Sam Khater, Freddie Mac’s, Khater, Bob Broeksmit Organizations: CNN Business, Bell, New, New York CNN, West Texas, Brent, International Energy Agency, “, shuttering, Federal, US, United Arab Emirates, White, Wall, Trump, Truth Social, Trump Media & Technology Group, Securities and Exchange, Trump Media, SEC, University of Florida, Mortgage Bankers Association Locations: New York, Russia, Ukraine, Yemen, Red, United Kingdom, Japan, Germany, Iraq, United States, Brazil, Guyana, Canada

☆ Tobago's Tourism, Fishing Hit as Oil Slick Spreads Across Caribbean
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

The spill has spread miles from Tobago's shore, the area first impacted by the incident, leading authorities to alert its Caribbean neighbors, including Venezuela and the island of Grenada. I cannot simply sit down and do nothing," said Edwin Ramkisson, who makes a living fishing for snapper and salmon in Lowlands, on Tobago's Atlantic shore. The slick has reached about 144 kilometers (89 miles) into the Caribbean Sea and is moving at a rate of 14 km per hour, Tobago's Chief Secretary Farley Augustine said on Thursday. The barge is believed to have carried as much as 35,000 barrels of fuel oil, according to Augustine. The spill has stained Tobago's beaches, impacting wildlife and tourism, and has posed a risk to the Scarborough cruise ship port.

Persons: Curtis Williams, Edwin Ramkisson, Farley Augustine, Augustine, Tobago's Emergency Management Agency Allan Stewart, TankerTrackers.com, Marianna Parraga, Bill Berkrot Organizations: Tobago's Coast Guard, Tobago's Emergency Management Agency, Puerto La Locations: Curtis Williams SCARBOROUGH , Tobago, Trinidad, Tobago's, Venezuela, Grenada, Lowlands, Scarborough, Tobago, Panama, Guyana, Puerto, Puerto La Cruz, St, Vincent, Grenadines

☆ Oil prices fall on forecast global demand in 2024 will grow at half last year's rate
▼ + stars: | 2024-02-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil demand is expected to grow by 1.2 million barrels per day this year, down nearly 50% from growth of 2.3 million bpd in 2023, according to the Paris-based International Energy Agency. "The expansive post-pandemic growth phase in global oil demand has largely run its course," the IEA wrote in its February oil market report Thursday. Supply, meanwhile, is expected to exceed demand and grow by 1.7 million bpd this year driven primarily by higher production in the U.S., Brazil, Canada and Guyana. "Given heightened geopolitical risks and low global oil inventories, a modest surplus may help contain market volatility," the IEA said. OPEC, on the other hand, is forecasting a much tighter oil market this year, with demand growing by 2.2 million bpd, outpacing production growth of 1.2 million bpd outside the cartel.

Persons: Brent Organizations: International Energy Agency . Futures, Brent, West Texas Intermediate, IEA, OPEC Locations: Loving County , Texas, U.S, Paris, Brazil, Canada, Guyana, East, Israel, Lebanon, Cairo, Gaza

☆ These oil companies could be the next takeover targets in Permian Basin after Diamondback deal
▼ + stars: | 2024-02-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Diamondback Energy took one of the last major, privately held operators in the Permian off the table this week when it agreed to buy Endeavor Energy Resources for $26 billion. The deal is poised to catapult Diamondback into the top tier in the Permian, the most prolific oil patch in the U.S. that stretches from western Texas into southeastern New Mexico. The top six companies in the Permian are set to own 62% of the basin's remaining oil reserves, according to Rystad Energy. The stubborn holdouts After the Diamondback-Endeavor and Occidental-CrownRock deals, the only other major privately held producers left in the Permian are Continental Resources and Mewbourne Oil. Conoco could potentially seek to acquire Permian Resources , Civitas , Coterra, Vital Energy or Ovintiv , Bernstein said.

Persons: Matthew Bernstein, Bernstein, Hess, Andy Lipow, Neal Dingmann, Mewbourne, Dingmann, Ovintiv, Enerplus, Bob Yawger, Yawger, weren't, Ryan Lance, Lance, Conoco, EOG Organizations: Diamondback Energy, Endeavor Energy Resources, Diamondback, Exxon Mobil, Chevron, Rystad Energy, Truist Securities, CRFA Research, Endeavor, CNBC, Exxon, Natural Resources, Occidental, Lipow Oil Associates, Resources, Mewbourne, Continental, Publicly, Civitas, Coterra, Vital Energy, Devon Energy, Marathon Oil, Bloomberg News, Marathon, Reuters, CFRA, ConocoPhillips, Mizuho Locations: U.S, Texas, New Mexico, Guyana, Devon, Bakken, North Dakota, Occidental, Mizuho Americas, Marathon

“Climate and conflict are two leading drivers of (our) global food crisis,” the secretary-general said. And in Myanmar, prospects of ending hunger have gone into reverse because of conflict and instability, he said. Simon Stiell, the United Nations climate chief, told the council that climate change is contributing to food insecurity and to conflict. Framework Convention on Climate Change said the Security Council “must acknowledge more can be done rather than hoping the problem will go away — which it won’t.”The U.N.’s most powerful body should be requesting regular updates on climate security risks, he said. But climate change, environmental and security pressures have led to increased tensions and competition between herders and farmers for scarce resources including water and land, she said.

Persons: Antonio Guterres, “, ”, Guterres, Simon Stiell, ” Stiell, Beth Bechdol, ” Bechdol, Bechdol, Mohamed Irfaan Ali, ” Ali, U.N, Vassily Nebenzia, Nebenzia Organizations: UNITED NATIONS, United Nations, ”, . Security Council, Security, Agriculture Organization Locations: Russia, “, Gaza, Syria, Myanmar, United, Food, Central Africa, Africa, Haiti, United States, Yugoslavia, Libya, Afghanistan, Iraq, Russian

CARACAS, Venezuela (AP) — The government of Venezuela accused neighboring Guayana Sunday of granting illegal oil exploration concessions in territory the two nations are disputing. The comments Sunday came after Guyana said Saturday that it has satellite imagery showing Venezuelan military movements near the South American country’s eastern border with Guyana. Venezuela has been laying claim to the mineral-rich Essequibo region, which covers about two thirds of Guyana’s surface area. But for more than 60 years Venezuela has accused the commission of cheating it out of the Essequibo region. Several top American administration and military officials have visited Guyana in recent weeks as a show of support.

Persons: Guayana, Vincent, Robert Persaud, Irfaan Ali, Nicolás Maduro Organizations: ”, ExxonMobil, Argyle, US Center for Strategic, International Studies, Venezuelan Locations: CARACAS, Venezuela, Guyana, Essequibo, Caribbean, St, Brazil, Punta Barima, Netherlands, U.S

☆ RBC's Helima Croft talks escalating military tensions between Venezuela and Guyana
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Helima Croft talks escalating military tensions between Venezuela and GuyanaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Helima Croft, Brian Sullivan, “ Organizations: CNBC Locations: Venezuela, Guyana

☆ Venezuela builds forces near Guyana border despite agreement to de-escalate
▼ + stars: | 2024-02-09 | by ( Vasco Cotovio | Allegra Goodwin | ) edition.cnn.com time to read: +3 min

CNN —Satellite images show Venezuela has bolstered its military presence near the border with Guyana, despite Caracas saying it would pursue a diplomatic avenue to try and resolve the long-standing territorial dispute over an oil-rich piece of Guyanese land. Anacoco Island military base on July 28, 2021. Satellite image ©2024 Maxar Technologies Anacoco Island military base on January 13, 2024. Satellite image ©2024 Maxar Technologies Aerial views of Anacoco Island military base on July 28, 2021 and January 13, 2024. Venezuela later reached an agreement with Guyana on December 15 to avoid escalation and try to settle the dispute between the two countries without force.

Persons: “, ” Organizations: CNN, 11th Armoured Brigade, 6th Venezuelan Army Corps Engineers, Venezuelan Army, Center for Strategic, International Studies Locations: Venezuela, Guyana, Caracas, Guayana, Republic, Washington, Venezuelan

GEORGETOWN, Guyana (AP) — ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two U.S. oil companies. The president of ExxonMobil Guyana, Alistair Routledge, told reporters that the concessions were granted by Guyana and that the company is committed to its operations despite the country’s ongoing tensions with Venezuela. In 2019, ExxonMobil was forced to abandon exploration activities after a Venezuelan military helicopter tried to land on a seismic vessel. The latest push by ExxonMobil comes as Guyana and Venezuela prepare to meet for a second time to try and diffuse the dispute over the Essequibo region. Essequibo is a mineral-rich territory that accounts for two-thirds of Guyana and lies near big offshore oil deposits.

Persons: Robert Persaud, Alistair Routledge, ” Organizations: ExxonMobil, Venezuelan, Associated Press Locations: GEORGETOWN, Guyana, America’s, Venezuela, Essequibo, ExxonMobil Guyana, Venezuelan, Texas, U.S

WASHINGTON (AP) — The fate of former President Donald Trump’s attempt to return to the White House is in the hands of the U.S. Supreme Court. That part of her decision was reversed by the Colorado Supreme Court. All seven of the justices on Colorado’s Supreme Court were appointed by Democrats. The majority quoted a ruling from Neil Gorsuch, one of Trump’s conservative Supreme Court nominees, from when he was a federal judge in Colorado. A number of them are on hold because state courts are waiting to see what the U.S. Supreme Court will do.

Persons: Donald Trump’s, “, Trump, Justice Salmon Chase, Neil Gorsuch, Colorado’s, Kamala Harris, George Floyd’s Organizations: WASHINGTON, U.S, Supreme, Colorado Supreme, Republican, Trump, TRUMP, ”, Colorado Supreme Court, “, U.S . Capitol, Citizens, Colorado’s, Democratic, Biden Locations: Colorado, United States, Washington, Guyana, Maine, Illinois, Minnesota, Oregon, California, New York, U.S, Mexico, Minneapolis

☆ Oil market will face supply shortage by end of 2025, Occidental CEO says
▼ + stars: | 2024-02-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC on Monday. For now, the market is oversupplied, which has held oil prices down despite the current conflict in the Middle East, Hollub said. But the supply and demand outlook will flip by the end of 2025, Hollub said. The forecast implies a supply deficit unless OPEC ditches current production cuts and boosts its own output. Hollub told CNBC in December that Occidental expects WTI to average around $80 in 2024.

Persons: Vicki Hollub, Hollub, CNBC's Tyler Mathisen, WTI, Brent Organizations: CNBC, Smead Investor Oasis Conference, West Texas Intermediate, Brent, Occidental, CNBC PRO Locations: Occidental, Phoenix, U.S, Brazil, Canada, Guyana, China, OPEC, WTI

☆ Wealth manager for the super-rich names 3 stocks to buy right now
▼ + stars: | 2024-02-05 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

For Kevin Teng, CEO of Wrise Wealth Management Singapore, which serves ultra-high-net-worth individuals across Asia, the Middle East and Europe, three top stocks stand out as good plays right now. Of 52 analysts covering the stock, 48 give it a buy or overweight rating at an average price of $460.37, according to FactSet data. Barrick Gold Beyond tech and energy, Teng is also bullish on gold, naming Canadian miner Barrick Gold among his top picks. Spot gold prices are up around 7.5% over the last 12 months. Shares in Barrick Gold are down over 15% over the last 12 months.

Persons: Kevin Teng, Teng, Morgan Stanley, — CNBC's Jordan Novet, Fred Imbert Organizations: Big Tech, U.S . Federal, Wrise Wealth Management Singapore, Microsoft, Google, Apple, Nvidia, Tesla, CRM, CNBC Pro, ExxonMobil, Natural Resources, Exxon, Barrick, Barrick Gold Locations: Asia, East, Europe, West Texas, New Mexico, Guyana, Zambia, Pakistan

☆ Exxon beats earnings expectations even as lower oil prices weigh on profits
▼ + stars: | 2024-02-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Exxon Mobil reported quarterly earnings that beat Wall Street's expectations, but the company's profit declined significantly from same period the year prior as oil prices weakened. The company returned $32.4 billion to shareholders in 2023 through $14.9 billion in dividends and $17.4 billion in share buybacks. Excluding those charges, Exxon earned $2.48 per share, beating Wall Street's expectations of $2.21 per share. Exxon's profits from its oil and gas segment declined to $4.1 billion in the quarter, down 49% compared to the $8.2 billion reported in the year ago period. Exxon produced 3.73 million oil equivalent barrels per day in 2023, largely flat compared to the year prior.

Persons: Brent Organizations: Exxon Mobil, Exxon, LSEG, West Texas Intermediate, Natural Resources Locations: Washington , DC, California, U.S, Guyana

☆ Exxon Mobil CEO Darren Woods on Q4 earnings: Another step in improving the business and company
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q4 earnings: Another step in improving the business and companyExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported an earnings beat but falling short on revenue expectations, impact of Guyana-Venezuela dispute, and more.

Persons: Darren Woods Organizations: Exxon Mobil Locations: Guyana, Venezuela

☆ U.S. reviewing Venezuelan sanctions policy in wake of court decision
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +2 min

It is "an evident and overwhelming victory for the 'Yes' in this consultative referendum," said the president of the National Electoral Council, Elvis Amoroso. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," State Department spokesman Matthew Miller said in a statement. Miller said the court ruling was a "deeply concerning decision" that ran contrary to the commitments made by Maduro to allow all parties to select candidates. Gerardo Blyde, head of the opposition negotiating team, denied members had been linked to acts of violence and demanded the court ruling be reversed. "We will never hesitate to remain in the talks, to remain in the discussion," said Hector Rodriguez, the ruling party governor for Venezuela's Miranda state.

Persons: Nicolás, Elvis Amoroso, Pedro Rances Mattey, PEDRO RANCES MATTEY, Maria Corina Machado, Machado, Matthew Miller, Nicolas Maduro's, Miller, Maduro, Gerardo Blyde, Hector Rodriguez, Miranda Organizations: Bolivarian, Electoral, Venezuelan, Electoral Council, Getty, U.S . State Department, Venezuela's, Department Locations: Bolivarian Republic of Venezuela, Essequibo, Caracas, Guyana, AFP, U.S, Venezuela, United States

☆ Plush, Perfumed Pepperpot
▼ + stars: | 2024-01-28 | by ( Sam Sifton | ) www.nytimes.com time to read: +1 min

Two or three clicks on the laptop and the mail carrier soon brought me a few pounds of the Provel cheese necessary to make it. Today’s shopping: cassareep, a Guyanese syrup of boiled cassava root, savory-sweet, like a cross between molasses and Worcestershire sauce. It’s a crucial ingredient in one of Guyana’s most beloved dishes, pepperpot (above), which Millie Peartree brought to New York Times Cooking this week. Of course you can buy cassareep online, but if there’s a Caribbean market where you are, it’s most likely stocked there as well. Browned into beef chuck, it makes for a lovely stew: spicy, fragrant, slightly sweet and sticky.

Persons: Louis, Millie Peartree, there’s Organizations: The New York Times, Lambert, New York Times Locations: Guyanese, Worcestershire, Caribbean

☆ How Guyana's big oil boom turned it into the world's fastest-growing economy
▼ + stars: | 2024-01-27 | by ( Anuz Thapa | ) www.cnbc.com time to read: +2 min

Guyana, a tiny South American nation home to more than 800,000 people, made big headlines in December. "What has happened is that it's been exacerbated by the discovery of oil (in Guyana)," said Dr. Terrence Blackman, founder and CEO at Guyana Business Journal. The 2015 oil discovery made Guyana the world's fastest-growing economy, recording the world's highest real GDP growth rate in 2022 and 2023. Venezuela has the world's largest oil reserves, but that hasn't stopped its economy from collapsing since Maduro took power in 2013. Watch the video above to dive deep into Guyana's oil economy, its ongoing escalation with Venezuela, what the country's oil means for the U.S. and more.

Persons: Nicolás Maduro, it's, Terrence Blackman, hasn't, Maduro, Venezuela doesn't, Valerie Marcel, Gregory Brew Organizations: Guyana Business, New Producers Group, Eurasia Group, U.S Locations: Guyana, American, Venezuela, Essequibo, United States, South America

☆ How Guyana's oil boom sparked a border dispute with Venezuela
▼ + stars: | 2024-01-27 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Guyana's oil boom sparked a border dispute with VenezuelaGuyana, the only English-speaking nation in South America, has witnessed new economic heights since the 2019 oil discovery. With just more than 800,000 residents, the tiny country the size of Idaho state claims the title of the world's fastest-growing economy. Amid global interest, the ongoing border dispute with neighboring Venezuela takes center stage. Watch the video above to learn the transformative effect of Guyana's oil and whether its escalation with Venezuela might derail its progress.

Organizations: Venezuela Guyana Locations: Venezuela, South America, Idaho

☆ Biden Administration Faces Pushback on Another Gas Project, This Time Overseas
▼ + stars: | 2024-01-26 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: 1 min

Even as the Biden administration, under pressure from environmentalists, hits pause on its approval of a major natural gas export terminal in the United States, it faces another big gas decision overseas. A $13 billion natural gas export project in Papua New Guinea led by TotalEnergies and Exxon Mobil is on a shortlist of projects set to receive financing from the U.S. Export-Import Bank, or Ex-Im, which supports American businesses around the world. The Papua LNG gas project would join a portfolio of oil and gas projects the bank funds, including an oil refinery in Indonesia and an oil tank project in the Bahamas. The bank is also considering financing an offshore pipeline and natural gas plants in Guyana. Some climate activists see a big contradiction between climate actions the government is taking in the United States versus around the world.

Persons: Biden Organizations: TotalEnergies, Exxon Mobil, U.S . Export, Import Bank Locations: United States, Papua New Guinea, Papua, Indonesia, Bahamas, Guyana

CARACAS, Venezuela (AP) — Dueling political factions took to the streets of Venezuela's capital on Tuesday for the first competing rallies of the presidential election year, showcasing their ability to draw people en masse, as voters grapple with political disappointments and uncertainty over the candidate who ultimately will challenge President Nicolás Maduro. Political Cartoons View All 253 Images“They talk about elections, but they are terrified of elections,” Machado said, referring to Maduro and his allies. Let them know clearly, no one takes us out of this electoral route.”Maduro and the opposition faction behind the primary agreed last year to hold a presidential election in the second half of 2024. His challenger's participation in the election remains in doubt even though she won the primary with more than 90% of support. “And not only her, any other candidate who has expressed their intention to participate in a presidential election must participate.”____Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america

Persons: Nicolás Maduro, María Corina Machado, Maduro, —, Hugo Chávez —, Machado, ” Machado, Tarek William Saab, Yeickson Ramos, Ramos, “ Will, ”, Maduro’s, Chavistas —, Chávez, Leonard Suarez, Suarez Organizations: American, Authorities, Digital Locations: CARACAS, Venezuela, Caracas, U.S, Guyana, America, Caribbean

☆ Surging U.S. oil production may set a record in 2024, shielding consumers from Mideast war and pressuring OPEC
▼ + stars: | 2024-01-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Supply is forecast to grow by 1.5 million barrels per day to a new high of 103.5 million barrels per day, according to the IEA. Demand will grow by 1.2 million barrels daily, down from 2.3 million in 2023, with the post-pandemic recovery over and major economies set to slow. WTI and Brent closed out 2023 down more than 10% and OPEC+ production cuts have so far failed to lift prices. Goldman Sachs, for example, says oil prices could double if there is a prolonged disruption to shipments through the Strait of Hormuz. 'Golden era' Stronger U.S. oil production in 2023 surprised even oil industry CEOs such as Chevron's Wirth and Occidental's Vicki Hollub, they told CNBC in recent interviews.

Persons: Michael Wirth, Wirth, CNBC's Brian Sullivan, Goldman Sachs, Walt Chancellor, Daniel Yergin, Brent, Adi Imsirovic, Imsirovic, Yergin, Bob Yawger, Yawger, Matt Smith, Smith, Chevron's Wirth, Occidental's Vicki Hollub, I'm, Macquarie, Chancellor, Hollub, — Organizations: P, Energy Information Agency, Chevron, P Global, CNBC, Economic, West Texas, Center for Strategic, International Studies, OPEC, Bank of America, Oil, International Energy Agency, IEA, Brent, Mizuho, Gulf, Americas, Western Hemisphere Locations: East, U.S, Macquarie, Davos, Switzerland, Canada, United States, United Kingdom, OPEC, Brazil, Guyana, Americas, Europe, Red, Kpler, Iran, Hormuz

GEORGETOWN, Guyana (AP) — A government commission in Guyana tasked with investigating a fire that killed 20 children at an Indigenous boarding school found multiple errors and systematic failures. The report also noted there was a lack of water supply and found “inadequacies” in the fire service and firefighting equipment. Nineteen students and the infant son of the dormitory manager died. At least 14 other students younger than 18 were rescued from the blazing, one-story building. Months after the fire, government officials said they would pay $25,000 to the parents of each of the children who died in the fire as part of a settlement.

Persons: Irfaan Ali, ”, Joseph Singh, Ali Organizations: ” Police Locations: GEORGETOWN, Guyana, Mahdia, Brazil, Brig

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