Venezuelan Crude Production Rises in March as OPEC+ Output Falls
Crude oil production rose to its highest level since February 2019, reaching 1,085,000 barrels per day (bpd), according to internal reports from PDVSA.
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Maduro Appoints New Board for Central Bank of Venezuela Amid Institutional Silence
On April 11, Nicolás Maduro restructured the board of directors for the Central Bank of Venezuela (BCV) following the resignation of two of its members. The institution is now chaired by Laura Carolina Guerra, while the Minister of Finance and Economy, Anabel Pereira, is the new representative of the national executive on the board.
Telefónica Accelerates Exit from Latin America but Invests in Venezuela
Telefónica, the Spanish telecoms giant, is speeding up the sale of its subsidiaries in Latin America. After operating in 12 countries across the region, it will now retain only Venezuela, in addition to its businesses in Europe and a stake in China Unicom.
Trump Yields to Market Pressure with Partial 90-Day Truce in Trade War
In an unexpected shift in the global trade war, U.S. President Donald Trump has yielded to market pressures and announced a partial 90-day truce, during which he will suspend the imposition of new tariffs.
U.S. Revokes Trinidad’s License to Produce Gas With Venezuela
The Donald Trump administration has revoked the authorizations allowing Trinidad and Tobago to produce gas in joint fields with Venezuela without fear of reprisals.
U.S. Raises Tariffs on China to 104% After Negotiations Fail
The White House confirms the move after Beijing maintained its retaliatory tariffs, while China consolidates its digital yuan to challenge the dominance of the dollar.
ENI to Maintain Gas Production in Venezuela to Avoid a “Social Crisis” and Negotiates with the U.S.
The Italian company is seeking an exemption from U.S. sanctions to continue operating in Venezuela, where it is one of the main suppliers of gas for the domestic market.
Reuters Claims OPEC Cuts Production in March Due to Declines in Nigeria, Iran, and Venezuela
A Reuters survey reveals that the oil cartel’s crude output fell by 110,000 barrels per day (bpd) last month, driven by cuts in three key members, while Saudi Arabia slashes prices and OPEC+ prepares to increase production.
Financial Markets and Oil Open in the Red Following Trump’s Tariffs Announcement
The New York Stock Exchange, the world’s largest by market capitalization. Photo: Carol M. Highsmith. Guacamaya, April 7, 2025. The…
Venezuela Challenges U.S. Secondary Tariffs at the World Trade Organization
Legal teams from Venezuela’s Executive Vice Presidency and the Ministries of Foreign Affairs, Hydrocarbons, and Foreign Trade are considering filing a complaint against the United States at the World Trade Organization (WTO). The move comes in response to the imposition of a 25% tariff on goods from any country that exports to the U.S. while also purchasing Venezuelan oil—a measure ordered by President Donald Trump.