In March 2020, oil prices crashed by around 60% from their previous six-month high, with Brent oil – the international benchmark – falling US$22.74 per barrel on March 31st, its lowest daily level since 2002. From December 2019 to February 2020, oil demand in China fell by around 2 million barrels per day (mbd) because of the rapid propagation of the novel coronavirus. The … [Read more...] about An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean
The price of solar energy has been dropping dramatically during last 20 years and the projections suggest that it will maintain that trend in the coming years. In a near future, solar energy in Suriname will be cheaper than the electricity coming conventional fossil fuel plants. According to the International Renewable Energies Agency (IRENA) the global weighted average … [Read more...] about What is the future of Solar energy in Suriname?
The Energy Division of the Inter-American Development Bank is opening a call-for-proposals focusing on gender-differentiated needs, to strengthen women’s leadership and participation in the energy sector. Do you have innovative ideas that would address these challenges? If so, please participate in this call. Which is the objective? The case studies should discuss … [Read more...] about Are you interested in Gender Equality & Energy in Latin America and the Caribbean?(Extended: August 15)
The mining, oil and gas industries generate millions of jobs in our region. However, it is one of the most male dominate industries. In Latin America and the Caribbean (LAC), women represent less than 10% of workers in mining and less than 15% of direct and indirect employment in the oil and gas industries. In the mining sector in Peru, for example, half of the … [Read more...] about The Extractive Sector in Peru strengthens its female talent
On April 9th, Mr. Paul Simons, Deputy Executive Director of the International Energy Agency (IEA), presented at the Inter-American Development Bank (IDB) the key findings from IEA’s flagship report, World Energy Outlook 2017 (WEO 2017). Mr. Simons addressed the important role of emerging economies, where the Latin American and the Caribbean (LAC) region will become an … [Read more...] about World Energy Outlook 2017: How will the Energy Sector evolve till 2040?