What Does the Operation Against “Monitor Dolar” Mean for Venezuela’s Exchange Market?
On July 28, Attorney General Tarek William Saab announced that police had arrested Carlos Andrés Pérez, who managed the account Monitor Dolar.
Economy
Understand how the Venezuelan economy moves.
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Delcy Rodríguez States That Joint Ventures with Chevron, Repsol, Eni, and M&P Remain in “Full Production”
Venezuela’s Vice President and Minister of Hydrocarbons, Delcy Rodríguez, stated that oil fields operated in partnership with U.S. and European companies remain in “full production”.
Reuters: Chevron terminates contracts in Venezuela, but plans to maintain employees
Chevron has already terminated all its contracts for oil production, services, and procurement for Venezuela upon the expiration of its license.
Rate Gap Nears 50% Following Elections and Chevron’s Final License Termination
The shortage of official foreign currency has directly impacted prices and the purchasing power of Venezuelans. Photo: Archive Guacamaya, May…
U.S. to Allow Chevron Only Minimal Maintenance in Venezuela, According to Bloomberg
The Trump administration plans to grant Chevron a limited license to carry out only essential maintenance
Panama and Venezuela Resume Commercial Flights After Nearly 10 Months of Suspension
Arrival area of Simón Bolívar International Airport in Maiquetía, Venezuela’s main air terminal. Photo: Rogerio Tomaz Jr. (Courtesy). Guacamaya, May…
U.S. Government Plans to Extend Chevron License for 60 Days
The Donald Trump administration plans to extend General License 41, which allows Chevron to operate in Venezuela despite sanctions.
Reuters: Chevron’s Boscan crude from Venezuela now bound for China
Venezuela’s state-owned oil company, PDVSA has started to export heavy crude that has been shipped by Chevron since 2022.
OPEC: Venezuela’s April oil production may have fallen by 34,000 barrels per day
The monthly report from the OPEC records a drop in oil production of 34,000 barrels per day (bpd) for the month of April.
Reuters: Venezuelan crude labeled as Brazilian upon arrival in China to evade sanctions
In the last year, more than $1 billion worth of Venezuelan oil has been labeled as Brazilian crude upon arrival in China.