Low water levels at Lake Titicaca demonstrate the regional crisis
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Many Latin American countries are suffering their worst droughts in decades, affecting some of the region’s largest oil and gas producers. Several have not seen any rainfall in months, while further east major tributaries of the Amazon River have dropped to record low levels. Ecuador is among the worst hit. Already suffering a security crisis, the country is experiencing its worst drought in 61 years. Widespread blackouts have hit the power sector, while the government has been forced to ration electricity due to Ecuador’s dependence on hydroelectric power. Already, the crisis has had political implications. Ecuador’s minister of energy, Antonio Goncalves, resigned in early October and was r
Also in this section
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
