What happened at the BRICS+ Summit in Brazil?
BRICS+ Summit in Rio de Janeiro, Brazil. Photo: Social media Guacamaya, July 7, 2025. At its XVII Summit held in…
BRICS+ Summit in Rio de Janeiro, Brazil. Photo: Social media Guacamaya, July 7, 2025. At its XVII Summit held in…
Venezuela’s Minister of Hydrocarbons, Delcy Rodríguez, held a meeting on Thursday with Colombia’s Minister of Mines and Energy, Edwin Palma, to review the shared energy agenda and explore new areas of cooperation in hydrocarbons
US oil company ExxonMobil has returned a portion of the strategic Stabroek Block to the State of Guyana, fulfilling a contractual clause and avoiding areas affected by the territorial dispute with Venezuela. The measure, announced by Guyana’s Ministry of Natural Resources, comes after years of exploration along the Atlantic coast that have transformed Guyana’s economy.
Venezuela’s oil exports rose by 8% in June, reaching an average of 844,000 barrels per day (bpd), driven by a significant increase in shipments to China. The uptick helped offset the country’s loss of access to U.S. and European markets after Washington revoked key licenses.
Guyanese presidential candidate Azruddin Mohamed categorically denied having ties to the government of Nicolás Maduro, after US Congressman Carlos A. Giménez labeled him a “pro-Maduro puppet.” According to Mohamed, the accusation was promoted by a lobbying firm hired by the government of Guyana, triggering a political storm over the use of public funds to influence foreign legislators and discredit an electoral contender. The backdrop: rising regional tensions over the Essequibo territory.
Recordings obtained by El País reveal that Álvaro Leyva, Colombia’s former chancellor and a former close confidant of Gustavo Petro, attempted to push a plan to depose the president with the backing of Republican congress members in the United States. In the audio recordings, Leyva suggests a strategy to generate “international pressure” to facilitate a change of government, with Vice President Francia Márquez as a possible successor. The White House dismissed the attempt, while the revelation has intensified the internal crisis within Colombia’s top government.
The United Nations High Commissioner for Human Rights, Volker Türk, presented his annual report this Friday in Geneva, expressing concern about the human rights situation in Venezuela, highlighting arbitrary detentions and restrictions on fundamental freedoms. The Venezuelan government labeled the report “selective” and questioned the lack of a statement regarding the situation of more than 250 Venezuelan citizens detained in El Salvador.
At the 28th St. Petersburg International Economic Forum, Rosneft CEO Igor Sechin delivered a speech reshaping the global narrative on energy and power. Titled *“The Global Economy’s Odyssey for the Golden Fleece,”* his address proposed a strategic vision in which Russia, Iran, and Venezuela form an indispensable axis to ensure planetary energy security.
Chevron restructures its executive leadership with the appointment of Javier La Rosa as President of the BAEC (Base Assets and Emerging Countries) portfolio, a key division encompassing energy operations in critical regions and emerging markets. The company also reaffirms its commitment to social programs in Venezuela.
At a summit held in The Hague, NATO countries agreed on a new collective goal: to gradually increase defense spending to 5% of GDP by 2035. Spain, however, expressed concern over how this commitment might affect its social welfare system, though it reiterated its intention to reach 2.1% of GDP in defense spending.