Oil prices rose on Wednesday, when concerns about the most strict global supply grew after the American threat of definitions of countries that buy Venezuelan crude and a greater decrease than expected in the American crude stock. Brent crude futures rose 49 cents to $ 73.51 a barrel, while US crude in West Texas Intermediate … Read more
Pending approvals for the revised PC-1 project for the 2,160 MW Phase 1 hydropower project and unresolved security concerns are delaying the signing of additional $1 billion in financing agreements with the World Bank. Business Registrar The Ministry of Economic Affairs has urged the Ministry of Water Resources to expedite the submission and approval of … Read more
Two years of records drought have dealt a major blow to what is arguably the Amazon’s most successful sustainable economy: the managed fishing of the giant pirarucu. In the Brazilian state of Amazonas, nearly 6,000 local residents authorized to fish reported a sharp drop in production and rising costs. They are calling for help from … Read more