06/11  Closing Prices / revised 06/12/2024 07:53 GMT 06/11 OPEC Basket  $82.36   +$1.43 cents 06/11 Mexico Basket (MME) $72.63  +$0.43  cents  | 04/30 Venezuela Basket (Merey)   $74.91   +$3.93 cents | 06/11 NYMEX WTI Texas Intermediate July CLN24 $77.90  +$0.16 cents  | 06/11 ICE Brent August  BRNQ24    $81.92  +$0.29 cents  | 06/11 NYMEX Gasoline June RBN24  $2.40  +0.1%  |  06/11 NYMEX  Heating Oil July  RBN 24    $2.42  +0.3% | 06/11 Natural Gas July NGN24  $3.12   +7.7%  | 06/07 Active U.S. Rig Count (Oil & Gas)   594  -6  | 06/12 USD/MXN Mexican Peso   18.6503  (data live)  | 06/12 EUR/USD     1.0745 (data live)  | 06/12 US/Bs. (Bolivar)   $36.43850000 ( data BCV)

Lula to discuss Esequibo, election with Venezuela’s Maduro – Reuters

Brazil's President Luiz Inacio Lula da Silva addresses the opening of the 37th Ordinary Session of the Assembly of the African Union at the African Union Headquarters, in Addis Ababa, Ethiopia February 17, 2024.
Brazil’s President Luiz Inacio Lula da Silva addresses the opening of the 37th Ordinary Session of the Assembly of the African Union at the African Union Headquarters, in Addis Ababa, Ethiopia February 17, 2024. (Reuters)

Lisandra Paraguassu, Reuters

EnergiesNet.com 02 29 2024

Brazilian President Luiz Inacio Lula da Silva plans a bilateral meeting this week with Venezuelan counterpart Nicolas Maduro to discuss Venezuela’s upcoming general election and its border dispute with Guyana.

Brazil has been trying to broker dialogue between its two neighbors since Venezuela revived its claim to Guyana’s oil-rich Esequibo area, having already hosted both parties for meetings.

The Brazilian leader, two sources familiar with the matter said, wants to seek assurance from Maduro that Venezuela will not escalate rhetoric on Esequibo ahead of the presidential vote.

“The goal is to keep things on the back burner and not let the election contaminate the dialogue,” one of the sources said.

Although no clear solution to the dispute is in sight, Venezuela has moderated its tone in recent months, returning to diplomacy after initially threatening the use of force.

Lula remains concerned the election could lead the Maduro administration to escalate again.

The Brazilian president is scheduled to meet Venezuela’s leader on the sidelines of the CELAC summit in Saint Vincent and the Grenadines, after also attending the CARICOM summit in Guyana, where he will meet Guyanese President Irfaan Ali.

Lula also expects to address Venezuela’s election during his meeting with Maduro, according to the sources.

The government of Maduro’s ruling socialists last year agreed to release political prisoners, allow international observers and set conditions for a fair presidential election in 2024.

The local Supreme Court in January, however, upheld a ban barring opposition presidential candidate Maria Corina Machado from holding office, raising doubts about whether Maduro would fulfill his pledges.

The Brazilian government’s assessment, the sources said, is that for now there were signs of “concern” but no reason for “alarm” – hence Lula’s intention to talk to Maduro to ensure the agreement is fulfilled.

Reporting by Lisandra Paraguassu; Editing by David Gregorio

reuters.com 02 27 2024

Share this news

Support EnergiesNet.com

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©1999-2021, 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 material.

Scroll to Top