Crude oil

Mysterious oil spill continues to ravage Brazil's coast

A mysterious oil spill is ravaging Brazil's northeastern coast, killing sea turtles, limiting fishing and littering the sand with clumps of the crude substance, Bloomberg reports.

What's happening: The oil has been creeping onto the coast for more than a month, and officials have not been able to identify its source. Energy Minister Bento Albuquerque notes the oil is likely coming from a leaking ship and that its characteristics are similar to Venezuelan heavy crude — but that does not necessarily indicate that Venezuela is the source. Venezuela’s state oil company has not accepted any responsibility for the issue.

Ecuador’s president flees the capital amid protests

Riot police confront demonstrators during clashes in Quito.
Riot police confront demonstrators during clashes in Quito. Photo: Rafael Rodriguez/NurPhoto via Getty Images

Ecuadorean President Lenin Moreno on Monday said he temporarily moved government operations from the capital Quito to the port city of Guayaquil amid protests against his termination of a fuel subsidy, the Wall Street Journal reports.

Why it matters: Only 2 Ecuadorian presidents have completed a full 4-year term over the past 27 years, but no previous president in recent Ecuadorian history has moved the government to avoid unrest, per WSJ. Moreno called a state of emergency on Oct. 4.