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Situation ReportMar 25, 2024 | 20:05 GMT
Venezuela: Opposition Parties Accuse Electoral Regulator of Blocking Candidate
Venezuela's opposition Democratic Unity Table and A New Time parties accused the National Electoral Council, or CNE, of blocking their submission of Dr. Corina Yoris as their candidate for the July 28 presidential election, The San Diego Union-Tribune reported on March 23.
READ MORESituation ReportMar 25, 2024 | 17:14 GMT
Yemen: Houthis Target Chinese-Owned Oil Tanker in Red Sea, Despite Recent Agreement
Yemen's Houthi rebels targeted Chinese-owned oil tanker Huang Pu in the Red Sea on March 23 with four anti-ship ballistic missiles, one of which struck the ship and caused slight damage but no casualties, The National reported on March 24.
READ MOREQuarterly ForecastsMar 25, 2024 | 00:04 GMT
2024 Second-Quarter Forecast
During the quarter, elections in territories covering a joint population of more than 2 billion will determine the political and economic direction of some of the world’s largest economies.
READ MOREAssessmentsMar 22, 2024 | 19:41 GMT
Previewing Senegal's 2024 Presidential Election
Senegal's presidential elections could be highly contested, possibly leading to significant protests and violence, with the election of former Prime Minister Amadou Ba resulting in policy continuity while opposition candidate Bassirou Diomaye Faye would depart from the current government's pro-business agenda and likely weaken investor sentiment. Senegal will hold the first round of its presidential election on March 24, followed by a runoff between the two candidates with the largest share of the vote on March 31 if no candidate gathers an outright majority of ballots. This election is set to be one of the most competitive in Senegal's history, with 17 candidates running in the first round. After the vote, current President Macky Sall is due to stand down on April 2 following much speculation over whether he would run for a third term, which would have breached the country's constitution. While the publication of polling results is banned
READ MOREAssessmentsMar 20, 2024 | 19:25 GMT
Malaysia's Place in the Race for Semiconductor Business
Malaysia's success in attracting investment for the final stages of the semiconductor production process will likely continue in the coming years, but its push to move up the value chain will prove challenging amid labor shortages and rising U.S.-China tensions. In recent months, industry leaders from the United States such as Intel, NVIDIA, Texas Instruments, Applied Materials, Lam Research, Micron and Hewlett Packard have committed billions of dollars to establishing or expanding their presence in Malaysia, many of them with a focus on the chip industry. The phenomenon goes beyond U.S companies, as Infineon (Germany), Bosch (Germany), AT&S (Austria), Ericsson (Sweden) and Simmtech (South Korea) are likewise rushing to the country, with much of this activity taking place in the past 18 months. In 2023, Malaysia became the top exporter of semiconductors to the United States. Chinese companies -- particularly those that make machinery for semiconductor manufacturing -- are also
READ MORESituation ReportMar 19, 2024 | 19:10 GMT
Iraq: Kurdistan Democratic Party Announces Boycott of Regional Parliamentary Elections
The influential Kurdistan Democratic Party, or KDP, announced that it would boycott Kurdistan's parliamentary elections on June 10, joining some minority Turkmen and Christian parties in their boycott of the election, Reuters reported on March 18.
READ MORESituation ReportMar 19, 2024 | 17:19 GMT
Tunisia, Libya: Armed Clashes in Libya Result in Closure of Ras Ajdir Border Crossing
Armed clashes erupted in Libya between the Interior Ministry's Zuwara Military Chamber task force and armed militias near the Libya-Tunisia Ras Ajdir border crossing, The National reported on March 18.
READ MORESnapshotsMar 18, 2024 | 17:39 GMT
Gauging the Outlook for Energy Reforms in Argentina
In Argentina, political and economic challenges will impede the government's plans to unleash the Vaca Muerta shale formation and the country's full energy production potential by deregulating the oil and gas sectors, at least in the short term. Three months after the libertarian Javier Milei took over as Argentina's president, his plans to overhaul the country's energy sector remain in limbo. In late December, the Argentine government unveiled a so-called ''omnibus bill'' that included more than 600 changes to the country's laws and regulations, covering multiple areas of the economy. The bill included significant reforms in the energy sector, with the goal of liberalizing it and making it more attractive to foreign investors. However, in late February, the government withdrew the omnibus bill ahead of an almost certain defeat in the Chamber of Deputies. Then on March 14, the Argentine Senate voted against a presidential decree with additional reforms to
READ MORESituation ReportMar 15, 2024 | 22:15 GMT
Turkey, Iraq: Iraq Bans Kurdistan Workers' Party in Security Deal With Turkey
As part of a security deal with Turkey, Iraq banned the Kurdistan Workers' Party, or PKK, a group that Turkey recognizes as a terrorist organization and that has a foothold in semi-autonomous Kurdistan in northern Iraq, Bloomberg reported on March 15.
READ MORESituation ReportMar 15, 2024 | 17:04 GMT
Angola, China: Lourenco Seeks Chinese Financing To Diversify Economy, Build Military Base
Angolan President Joao Lourenco announced that he is seeking financing from public or private Chinese investors to build an oil refinery in Lobito, a petrochemical plant as well as an air force base, Bloomberg reported on March 15.
READ MORESituation ReportMar 8, 2024 | 20:24 GMT
Ecuador: Government Formally Requests IMF Support
During a press conference, the International Monetary Fund's communications director stated that Ecuador had formally requested to begin negotiations with the fund for a new loan, Primicias reported on March 7.
READ MORESituation ReportMar 8, 2024 | 16:38 GMT
UAE, Saudi Arabia: National Oil Companies To Invest in Lithium Extraction From Oil Field Brine
Gulf national oil companies Saudi Aramco and the Abu Dhabi National Oil Co. plan to extract lithium from brine in their oil fields, Reuters reported on March 8.
READ MORESituation ReportMar 7, 2024 | 17:01 GMT
Italy: Parliament Calls for Investigation Into Reintroduction of Nuclear Power
The environment committee of Italy's Chamber of Deputies launched a fact-finding study on the role of nuclear energy in the country's energy transition and the goal of achieving climate neutrality by 2050, Euractiv reported on March 6.
READ MORESituation ReportMar 6, 2024 | 20:53 GMT
U.K.: Government Unveils Preelection Tax Cuts, Raises Oil and Gas Windfall Levy
The United Kingdom's Chancellor of the Exchequer Jeremy Hunt announced a series of tax cuts as part of the government's Spring Budget unveiled in the House of Commons, The Guardian reported on March 6.
READ MORESituation ReportMar 4, 2024 | 16:13 GMT
Global: OPEC+ Extends Production Cuts Through End of June
OPEC+ agreed to extend crude oil production cuts through the end of June, Reuters reported on March 3.
READ MOREAssessmentsMar 2, 2024 | 14:00 GMT
The Weekly Rundown: Pakistan Selects a New Premier, China's Two Sessions
A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.
READ MORESituation ReportFeb 28, 2024 | 18:09 GMT
Philippines: President Floats 2025 Midterm Election for Plebiscite on Constitutional Change
Philippine President Ferdinand Marcos Jr. aims to forward his ambition to amend the constitution via a plebiscite tacked onto the ballot of the May 2025 midterm elections, Bloomberg reported on Feb. 28.
READ MORESituation ReportFeb 27, 2024 | 16:11 GMT
Argentina: President Milei Clashes With Provincial Governors Over Tax Transfers
Argentine President Javier Milei's government spokesperson equated recent threats by the provincial governor of Chubut, Ignacio Torres, to withhold oil and gas deliveries to the rest of the country until the government shares federal tax receipts with provinces as "extortion," Reuters reported on Feb. 26.
READ MORESituation ReportFeb 26, 2024 | 16:50 GMT
Qatar: Energy Minister Announces New LNG Export Capacity Expansion
Qatar's Energy Minister Saad al-Kaabi announced that his country, which is already in the process of boosting its liquified natural gas export capacity from 77 million tons per annum to 126 million tons per annum by 2027, would develop an additional 16 million tons of export capacity per annum by the end of the decade, Bloomberg reported on Feb. 25.
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