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
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
