12/20 Closing Prices / revised 12/20/2024 21:59 GMT |  12/19 OPEC Basket  $72.88 –$0.45 cents 12/20 Mexico Basket (MME) $64.69 +$0.04 cents   11/30 Venezuela Basket (Merey)  $59.58   +$1.28 cents  12/20 NYMEX Light Sweet Crude  $69.46 +$0.08 cents | 12/20 ICE Brent $72.94 -$0.06 cents 12/20 Gasoline RBOB NYC Harbor  $1.942 +1% | 12/20 Heating oil NY Harbor  $2.234 -0.3% | 12/20 NYMEX Natural Gas $3.75 +4.60% | 12/20 Active U.S. Rig Count (Oil & Gas) 589 = 0| 12/20 USD/MXN Mexican Peso  $20.0745 (data live) 12/20 EUR/USD Dollar $1.0430 (data live) | 12/23 US/Bs. (Bolivar)  $51.35980000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

Mexican President to Skip Summit of the Americas Over Cuba Snub -Bloomberg

Watch video: Biden scrambles to avoid Summit of Americas flop (AP)

Carolina Gonzalez, Bloomberg News

NEW YORK
EnergiesNet.com 06 07 2022

Mexican President Andres Manuel Lopez Obrador won’t attend the Summit of the Americas set to take place in Los Angeles this week in protest over the US President Joe Biden’s decision not to invite the governments of Cuba, Venezuela and Nicaragua.

“There can’t be a Summit of the Americas if all the countries of the continent don’t participate,” Lopez Obrador told reporters during his daily press briefing on Monday. “That’d be to continue with the old interventionist policy, of lack of respect for nations and their people.” 

AMLO, as the president is known, had been warning for the past weeks that he would not attend the summit and would send Foreign Affairs Minister Marcelo Ebrard in his absence if Biden did not extend the invitation to all Latin American countries, including Cuba, Venezuela and Nicaragua. 

The Mexican leader said he regretted not being able to meet Biden in LA and said he will travel to see him in the US next month. He blamed the Republic Party together with the Cuban community in the US for the country’s policies toward the communist island, including the trade embargo in place for 60 years. 

“It’s a policy in place for decades but if you don’t say enough, they won’t get a solution,” AMLO said. 

The US government considers that Cuba, together with Venezuela and Nicaragua, don’t follow democratic procedures, thus they should be excluded from the region’s top political gathering. The Biden administration has made a final decision against inviting these three governments, people familiar with the decision told Bloomberg News on Sunday. 

Read More: US Excludes Cuba, Venezuela, Nicaragua From Regional Summit

The participation of all the heads of state in the region drove a wedge between the Biden administration and some of Latin America’s governments. Argentina’s Alberto Fernandez and Chile’s Gabriel Boric were also among leaders calling for all countries to be included in the summit, even if they will participate in the event.

Yet the possibility of a boycott by Latin American nations lost momentum last month when Brazilian President Jair Bolsonaro said he will be traveling to LA to hold a bilateral meeting with Biden. The attendance of the region’s largest economy, after Bolsonaro initially considered skipping the event to focus on his re-election campaign, added a critical participant to the summit. 

Read More: Biden and Bolsonaro to Hold Bilateral Meeting in Los Angeles

In any case, Cuba’s president Miguel Diaz-Canel ruled out traveling to the US in a message on his Twitter account. The Caribbean nation instead invited its allies to a rival meeting in Havana, which includes regional backers such as Nicaragua and Venezuela.

bloomberg.com 06 06 2022

Share this news


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia

 

Energy - Environment

No posts found!

Point of View

EIA Total Energy Review
This Week in Petroleum