The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]
Continue Reading
The Daily Journal — The U.S. Department of State has asked the Department of Justice to certify diplomatic immunity for Venezuela’s interim president, Delcy Rodríguez, so that it can seek the dismissal of a civil lawsuit filed against her in the U.S. District Court for the Southern District of Florida. The State Department argues that, […]
Continue Reading
The Daily Journal – Current prices of Venezuela’s sovereign bonds largely reflect market expectations of a future external debt restructuring and a recovery in oil production, according to a report by Oxford Economics. The consulting firm argues that the recent rally in Venezuelan bonds, which it forecast in a February analysis, continues to rest on […]
Continue Reading
The Canadian company said it is working with U.S. partners to acquire stakes in joint ventures and develop new production agreements following the lifting of U.S. sanctions. The Daily Journal – Canadian company New Stratus Energy (NSE) announced that it is negotiating the acquisition of stakes in joint ventures with Petróleos de Venezuela S.A. (PDVSA) […]
Continue Reading
The Daily Journal. — Venezuelan human rights organization Foro Penal reported the release of six political prisoners so far this month. The group includes former opposition lawmaker José Sánchez, widely known as “Mazuco.” Authorities arrested Sánchez “Mazuco” on September 30, 2024, in Zulia state amid the political crisis that followed the July 2024 presidential election. […]
Continue Reading
EFE. — A federal judge in the United States has ordered former Venezuelan President Nicolás Maduro and several other senior Chavista officials to pay $314 million in damages in a lawsuit filed by more than a dozen U.S. citizens alleging kidnapping, torture, and terrorism. The ruling did not include Venezuela’s acting president, Delcy Rodríguez, among […]
Continue Reading
The Daily Journal — Venezuela’s Acting President Delcy Rodríguez said on Monday that the economic impact of the June 24 earthquakes remained “localized” and stated that the country’s main sources of revenue continue to grow, including oil production, which she said has reached 1.2 million barrels per day. Speaking at a National Economic Council meeting […]
Continue Reading
The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
Continue Reading
The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]
Continue Reading
EFE — Venezuela’s oil sector development following the opening to foreign investment promoted by the United States will depend largely on political stability in the South American country, several economic experts told EFE on Monday after participating in a forum at the Andrés Bello Catholic University (UCAB). Economist Luis Zambrano Sequín argued that no one […]
Continue Reading
