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Photos show celebrations of Epiphany, also known as Three Kings Day

Christians are celebrating the feast day of Epiphany, also known as Three Kings Day. It recalls the visit of the three kings, or magi, to the baby Jesus. Orthodox Christians focus on the baptism of Jesus by John the Baptist. In Europe, some worshippers bathe in icy lakes and rivers. Ceremonies this year in Greece highlighted water scarcity concerns. Children in Latin America traditionally unwrap holiday gifts.

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How Venezuela’s Oil Could Shake Up the World Supply

The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are concerned about an oversupply.

© Adriana Loureiro Fernandez for The New York Times

An oil refinery in Punto Fijo, Venezuela. In November, the country’s oil production was estimated at 820,000 barrels a day.
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