On January 9, U.S. President Donald Trump invited seventeen energy executives to the White House, as he invited them to invest “$100 billion” in Venezuela, a country with some of the largest reserves of oil and gas in the world. But are they heeding the call?
The U.S. boarded a second oil tanker off the coast of Venezuela on Saturday, which, according to sources quoted by Axios, was not sanctioned, unlike Skipper, which was seized on December 10.
In its latest report, the Organisation of Petroleum Exporting Countries (OPEC) showed that Venezuela’s crude oil production fell by 2.8% to 934,000 barrels per day in November, according to “secondary sources.”
The United Nations Development Programme (UNDP) estimates that the Venezuelan economy will end the year 6.9% above 2024 levels, while inflation could reach 500%.
Venezuela’s oil exports reached 921,000 barrels per day (bpd) in November, according to shipping data and documents seen by Reuters.
The President of the National Assembly, Jorge Rodríguez, announced for the first time on Sunday, November 30, that attacks by…
Venezuela’s National Institute of Civil Aeronautics (INAC) announced late on Wednesday evening the revocation of the concession for six airlines that suspended international flights with Venezuela: Iberia, TAP Air Portugal, Avianca, LATAM Airlines, Turkish Airlines, and GOL Linhas Aéreas.
The International Air Transport Association (IATA) on Monday requested “clarity, dialogue, and flexibility” following the temporary suspension of flights in Venezuela. This came after the country’s aeronautical authority announced an ultimatum for the resumption of flight frequencies, warning that failure to comply would result in the suspension of traffic rights.
Turkish Airlines announced on Sunday that it is canceling its flights to Venezuela between November 24 and 28, joining five other airlines that have also temporarily suspended their operations due to the US military escalation in the Caribbean.
Venezuela’s National Assembly on Thursday approved extensions for two joint ventures with Russian state-owned company Petromost, Petroperijá and Boquerón, allowing them to continue their production from 2026 until 2041.
