Economy

Bloomberg

Three oil tankers from the "ghost fleet" that loaded Venezuelan oil before the ousting of leader Nicolas Maduro are still stranded in the country, highlighting how the oil industry is still recovering from years of sanctions evasion. Bloomberg The three vessels are less than 10 miles off the Venezuelan coast, according to a government report obtained by Bloomberg that includes their exact location. They are one of the last vestiges of a period when more than half of Venezuela's crude oil exports—the main source of income for Maduro's regime—were transported on ghost ships to buyers in Asia.

Food pressures inflation in March due to lower supply and seasonal effects on key products

Fresh food led inflationary pressure due to supply shocks. Photo: Courtesy Minagricultura

Fitch Ratings Highlights New Risks for the Pension System and Insurance Market

It is necessary to raise Colombians' awareness about the importance of insurance. Photo: Image generated with Artificial Intelligence - ChatGPT

The 4 municipalities in Bolívar that will not have electricity on Tuesday, April 7

Afinia, the energy service provider in Bolívar, is carrying out optimization work on the electrical infrastructure in the department as part of its investment plan to improve the quality and reliability of the service.

Indian oil company Reliance resumes direct purchases of Venezuelan oil from PDVSA, according to Reuters

A unit of the Indian company Reliance Industries has begun loading a shipment of 2 million barrels of heavy Venezuelan crude, acquired directly from the state-owned PDVSA, according to internal company documents and maritime tracking data. By Reuters This move marks a relevant change, as previous purchases of Venezuelan oil by Indian refiners had been mainly made through intermediaries such as large trading companies.

Middle East conflict makes gasoline more expensive in Latin America; what countries have done to prevent prices from spiraling

The recent rebound in oil on international markets has already begun to be reflected in domestic fuel prices in Colombia. Despite this...

Colombians Earn an Average of COP 41 Million Annually from Short-Term Rentals: Over 116,000 Properties Now Active

Making money by renting out apartments for days seems to have moved beyond an alternative business and is now consolidating. In Colombia, this model has become serious: an owner can earn about 41 million pesos per year from short-term rents. Behind this figure is a growing market. According to the Colombian Federation of Real Estate Agencies, based on Camacol data, the country now has 116,685 accommodations in this modality, with an average occupancy of 50%, a rate close to 255,000 pesos per night and stays of about 5 nights.

Bad Reviews Didn't Matter: Super Mario Galaxy Box Office Smashed Records and is the Year's Best Debut

Not even Bowser or bad reviews can stop Mario Bros. The animated film Super Mario Galaxy, sequel to the successful 2023 film produced by Illum...

This is how the PIX platform works, the Brazilian success hated by Trump that eliminated cash and defeated cards

A payment system from Brazil has unleashed a geopolitical storm involving the President of the United States, Donald Trump, the mandat...

Colombia has three companies among the 50 largest multilatinas in the region, according to the IDB

Ecopetrol's profits may have fallen in the second quarter. Photo: Courtesy: Ecopetrol

Elections and markets: how the dollar, country risk, and stocks react depending on whether the right or left wins in Colombia

Financial markets do not wait for elections to be decided to react. According to economic analysts from the firm Casa de Bolsa, assets tend to incorporate the most likely scenario in advance and, after the results are known, reinforce that trend.

How much should you be paid if you worked during Holy Week? Here's what you need to know about surcharges and hours

While one part of the country disconnected during Holy Week, another kept operating. Sectors such as commerce, health, transport, or security do not stop, and there...