Trump Orders U.S. Asphalt Company to Exit Venezuela, According to WSJ.
Facilities of Global Oil Management Group LLC in Emmastad, Curaçao, one of the main destinations for Venezuelan asphalt exported by…
Economy
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Maduro Orders Suspension of Municipal Taxes on Primary Production
Nicolás Maduro announced on Friday that municipal taxes on primary production will be suspended.
U.S. Faces International Criticism Over Tariffs on Venezuelan Oil
Spanish Prime Minister Pedro Sánchez addressed the issue of tariffs on Tuesday, urging the U.S. government to “reconsider, engage in…
Venezuela Reduces Work Hours Due to Energy Crisis: Thermoelectric Plants Out of Service
The Venezuelan government will implement a reduction in the public sector workday to four and a half hours per day, along with a “1×1” work schedule (one day on, one day off), starting this Monday, citing a “climate emergency” affecting hydroelectric reservoirs. However, experts argue that the measure exposes the collapse of the country’s thermoelectric system, which has been neglected due to lack of maintenance.
Venezuela’s Black Market Exchange Rate Soars to Bs 95.60 per U.S. Dollar Amid Institutional Silence
The informal exchange rate closed this Tuesday, March 25, at Bs. 95.60 per dollar, marking a historic 40% gap compared to the official rate (Bs. 68.39) and nearing the 100-bolivar threshold.
OFAC Extends Chevron’s Deadline to Exit Venezuela until May 27
In January 2025, crude oil production from joint ventures between Pdvsa and the U.S. corporation Chevron reached approximately 242,000 barrels…
Trump Announces Tariffs on Countries That Buy Venezuelan Oil
The President of the United States, Donald Trump, announced on Monday that he will impose a 25% tariff on all countries that buy oil and gas from Venezuela.
Reuters: Shell Accelerates Dragon Gas Project in Venezuela under Threat of US Sanctions
In a move with significant geopolitical and energy implications, Shell has brought forward the production timeline for the Dragon gas field in Venezuelan waters to 2026, aiming to revive the struggling industry of Trinidad and Tobago.
Chevron Seeks to Extend Deadline for Exit from Venezuela, According to WSJ
Official photograph of Mike Wirth, CEO of the American energy giant Chevron. Guacamaya, March 20, 2025. Chevron’s CEO, Mike Wirth,…
Bessent’s Contradiction: “The Sanctions Regime Was Undermining the Dollar’s Reserve Status”
U.S. Treasury Secretary Scott Bessent is facing a personal dilemma. He has repeatedly stated that sanctions are being overused, yet he defends their use to compel rival states to negotiate.