The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.  EnergiesNet ” Latin America & Caribbean web portal with news and information on Energy, Oil, Gas, Renewables, Engineering, Technology, and Environment.– Contact : Elio Ohep, editor at  EnergiesNet@gmail.com +584142763041-   The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.
10/07 Closing Prices  / revised 10/08/2024 08:57 GMT | 10/07   OPEC Basket $78.50 +$0.84 cents | 10/07    Mexico Basket (MME)  $71.94 +$2.61 cents 08/31 Venezuela Basket (Merey)  $62 15   +$1.66 cents 10/07 NYMEX Light Sweet Crude $77.14 +$2.76cents | 10/07 ICE Brent Sept $80.93 +$2.88 cents | 10/07 Gasoline RBOB NYC Harbor $2.1538 +0.0580 cents | 10/07 Heating oil NY Harbor  $2.3962 +0.0835 cents| 10/07 NYMEX Natural Gas $2.746 -0.108 cents| 10/04 Active U.S. Rig Count (Oil & Gacs) 585 -2 | 10/08 USD/MXN Mexican Peso 19.3203 (data live) 10/08 EUR/USD  1.0991 (data live) | 10/08 US/Bs. (Bolivar)  $37.03970000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch

Mexico Ruling Party Coalition Just Shy of Supermajority

AMLO’s coalition will have 83 of 128 seats in the Senate. Prospect of judicial, other reforms drove peso losses
AMLO’s coalition will have 83 of 128 seats in the Senate. Prospect of judicial, other reforms drove peso losses (Bloomberg)

Michael O’Boyle and Maya Averbuch, Bloomberg News

MEXICO CITY
EnergiesNet.com 06 10 2024

Mexican President-elect Claudia Sheinbaum’s coalition obtained two-thirds of the seats in the lower house and nearly two-thirds in the senate, the leader of the ruling party said on Sunday. 

The ruling coalition will have 83 seats out of 128 in the Senate, Morena party leader Mario Delgado said in a post on X, fewer than the 86 needed to make changes to the constitution. The coalition will hold 372 seats out of 500 in the lower house, he added. 

The results leave the coalition built by President Andres Manuel Lopez Obrador in the position of negotiating with just a few senators in order to reach the supermajority needed to pass such reforms.

Mexico’s peso saw its worst week in four years after the coalition’s unexpected landslide wins in congressional races gave them the power to push through major reforms. 

Morena leaders and AMLO, as the president is known, said last week they will seek to pass in September a bill to replace the current Supreme Court with elected justices, as well as other bills backed by the president. 

Sheinbaum, who is set to take office in October, and her team have sought to restore calm to markets, insisting there will be dialogue before any reforms are passed. She and AMLO are set to meet on Monday.

bloomberg.com 06 09 2024

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