The Daily Journal.- Heavy crude and other grades of oil have accumulated across the Americas in recent weeks as historically high maritime freight rates have hindered exports to Asia and Europe. This market paradox has left Asian and European buyers scrambling to secure supplies, with Brent crude prices exceeding $100 per barrel. Consumers in Asia […]
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The Colombian businessman faces two federal cases involving alleged bribery and money laundering schemes linked to food, medicine, and housing contracts in Venezuela. The Daily Journal.- U.S. authorities arrested Álvaro Pulido Vargas, a business partner of Alex Saab, who faces two federal indictments for allegedly laundering money from bribery schemes involving more than $2 billion […]
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The Daily Journal.- Former Colombian President Gustavo Petro arrived at the 30th International Seminar “Political Parties and a New Society,” organized by Mexico’s Labor Party (PT) in Mexico City, to discuss the left, the climate crisis, and the future of energy resources. Instead, he found himself in a confrontation with two lawmakers from Venezuela’s United […]
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The Daily Journal. — The United States received its first shipment of Venezuelan aluminum since 2018 on Monday, with approximately 15,000 metric tons produced by state-owned CVG Venalum and unloaded in Louisiana. The shipment arrived at the Port of Avondale, near New Orleans, as part of an operation involving U.S. firm Heeney Capital and Swiss […]
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EFE.- The United States rejects the argument that Nicolás Maduro is entitled to immunity in the criminal case he faces in New York and maintains that Venezuela has not claimed such protection for the former president. However, it has requested it for interim President Delcy Rodríguez. In a memorandum filed last Friday night before Judge […]
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Since January 3, Venezuela’s political and economic cards have been reshuffled. The cards in play are gradually being revealed on boards that are constantly changing. José Gregorio Yépez In Venezuela, the Trump administration is playing its cards cautiously. It is sending signals that seem contradictory and fall outside the expectations of those who bet on […]
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Exports fell to 1.08 million barrels per day in September The Daily Journal.- Venezuela’s oil exports fell nearly 9% in September to 1.08 million barrels per day, down from 1.19 million barrels per day the previous month. According to Reuters, rising maritime freight costs and traders’ demands for steeper discounts weighed on the country’s shipments. […]
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The Daily Journal.- U.S. Energy Secretary Chris Wright said the U.S. government’s participation in oil projects in Venezuela could help reduce political risk for investors and provide a measure of stability in the event of future changes in government. Wright made the remarks during an interview with Charlotte Howard, U.S. editor of The Economist. His […]
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The Daily Journal.- Former political prisoner and former mayor of the Simón Rodríguez municipality in Anzoátegui state, Ernesto Paraqueima, proposed that royalties from oil production in Venezuela should remain in producing states and advocated for greater decentralization of resources as part of a proposal aimed at moving toward a federal model. “Royalties from oil production […]
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The Daily Journal.- Russian Foreign Minister Sergey Lavrov called last Saturday for the “prompt release” of Nicolás Maduro, who remains in a New York prison after U.S. forces captured him during a military operation in Caracas earlier this year. “We insist on the prompt release of the Venezuelan leader and his wife, and that such […]
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