AGP Executive Report
Last update: 3 hours agoEnergy: Citgo raised its 2026 profit outlook by $2 billion to as much as $8 billion, citing surging fuel margins. In Venezuela, oilfield hiring is picking up as the first new investment arrives, while the government, UNCTAD and CAF have launched work on diversifying exports beyond the country’s traditional production base. Aviation: Airbus forecasts Latin America’s commercial fleet will grow from 1,550 aircraft to 2,770 by 2045. Airlines are contending with higher fuel bills, but larger carriers expect fare increases and premium services to recoup much of the added cost. Labor: Brazil’s move to end the six-day workweek has raised concerns among businesses about operating costs. Trade and investment: Latin American exports are projected to rise 20% this year, renewing debate over whether a commodity boom can support lasting growth. The IMF has urged governments to use favorable conditions to reduce debt and raise productivity.
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