The reactivation of Venezuelan oil opens an opportunity for Latin America to capture value not only in extraction, but also in industry, services, and finance.
The arrival of Gustavo Petro and Francia Márquez to government in Colombia has come as a shock to many, including leftist governments, that think of development based on extractivism.
The Russian invasion of Ukraine has generated important changes in global geopolitics. A side effect has been increased volatility in the global energy market and a consequent resurgence of hydrocarbon industry interests.
