Reforms at risk in Latin America's elections
A busy political season will put recent market-friendly energy changes to the test
On 24 January, Brazilians were transfixed by proceedings in a courtroom in the southern city of Porto Alegre. After nine hours of deliberations, a three-judge panel unanimously upheld a corruption conviction and prison sentence related to the sweeping Lavo Jato scandal for former president Luiz Inácio Lula da Silva, known simply as Lula. The ruling, on top of being a landmark moment in the vast corruption scandal, scrambled the political landscape ahead of elections in October. Leftist leader Lula, who maintains a wide base of support despite the corruption conviction, was planning a bid to return to the presidency and had been leading in polls. The 24 January decision doesn't end those chan
Also in this section
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
