LONDON—The increase in OPEC’s oil output in November has again undershot the rise planned under a deal with allies, a Reuters survey found on Tuesday, bringing a lack of capacity in some producers into focus ahead of a policy meeting this week. The Organization of the Petroleum Exporting Countries (OPEC) pumped 27.74 million barrels per…
OPEC Oil Output Boost in November Again Falls Short of Target
November 30, 2021
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WHO: Omicron Could Trigger Global Pandemic Surge; Will Existing Immunity Work Against Omicron?
November 30, 2021
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Why has the World Health Organization (WHO) designated the new, heavily-mutated coronavirus variant Omicron a “variant of concern?” How is it that the next-in-line letters of the Greek alphabet, Nu and Xi, were skipped in the naming of this strain? Observing the different responses around the world to Omicron triggers recollection of the “early days”…
Paraguay Suffering as Inflation Pushes Cost of Imports to 16-Year High
The upward trend of prices on items imported into Paraguay continues with no end in sight. Inflation on imports was 9.3 percent higher in 2021 than it was in the same recorded period in 2020, making it the highest level recorded since 2005, according to a study by the Central Bank of Paraguay. “Just forget about trying…
Global Jet Fuel Demand Under Pressure From Omicron, Border Curbs
November 30, 2021
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Global jet fuel markets stayed under pressure on Tuesday as more countries expanded border restrictions to keep the new Omicron coronavirus variant at bay, prompting travelers to reconsider their plans. Jet fuel demand—the biggest laggard in the oil complex—had been forecast to post the strongest growth of 550,000 barrels per day to 5.9 million bpd…
Ecuador’s President Extends State of Emergency for Prisons
QUITO—President Guillermo Lasso renewed a state of emergency throughout Ecuador’s prison system on Monday, extending it for 30 days as the country grapples to control jail violence which has left scores of inmates dead. Lasso first imposed a state of emergency in penitentiaries at the end of September due to violence at the Penitenciaria del…
Top Mexican Health Official Rejects Travel Ban Over Omicron Variant
On Nov. 27, the nation’s deputy health secretary, Hugo López-Gatell Ramírez, published a statement saying that travel restrictions and border closures were “unhelpful measures” that affect the economy and well-being of the people. This comes as a response to the discovery of a new variant of the CCP (Chinese Communist Party) virus, called Omicron. The CCP virus, otherwise…
Currencies Recover From Omicron Chaos but Analysts Warn More Volatility Ahead
November 29, 2021
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OTTAWA—Currency markets calmed on Monday in Asia after the initial shock of Omicron’s discovery sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new coronavirus strain. The risk-sensitive Australian dollar rose 0.37 percent to $0.7139, recovering after a 1 percent tumble on Friday that saw…
Leftist Claims Victory as Honduras Awaits Final Results of Presidential Elections
TEGUCIGALPA—Leftist opposition candidate Xiomara Castro has claimed victory in Sunday’s Honduran presidential election, with only 40 percent of votes counted giving her a lead of 53.5 percent in the preliminary results. Castro, the wife of former President Manuel Zelaya, is rallying for president against Nasry Asfura, candidate of the ruling National Party, who stood at 34 percent…
USGS: Magnitude-7.5 Earthquake Strikes Northern Peru
LIMA, Peru—An earthquake with a preliminary magnitude of 7.5 struck northern Peru early Sunday, damaging some buildings and blocking several roads with rubble. While the quake was extremely strong, it was relatively deep—measured at 112 kilometers (70 miles)—which usually reduces the possibility of damage and casualties. The quake occurred at 5:52 a.m. (1052 GMT) and…
Archaeologists Find 800-Year-Old Mummy in Peru
LIMA—A team of experts has found a mummy estimated to be at least 800 years old on Peru’s central coast, one of the archaeologists who participated in the excavation said on Friday. The mummified remains were of a person from the culture that developed between the coast and mountains of the South American country. The…
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