Understand how the Venezuelan economy moves.
Donald Trump has defended the secondary sanctions and tariffs imposed on countries that purchase Venezuelan oil or gas, arguing their “strong impact” on trade. However, this move—along with the recent decision to revoke licenses for transnational companies—has prompted immediate actions from these firms to maintain their operations in Venezuela.
Facilities of Global Oil Management Group LLC in Emmastad, Curaçao, one of the main destinations for Venezuelan asphalt exported by…
Nicolás Maduro announced on Friday that municipal taxes on primary production will be suspended.
Spanish Prime Minister Pedro Sánchez addressed the issue of tariffs on Tuesday, urging the U.S. government to “reconsider, engage in…
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.
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.
In January 2025, crude oil production from joint ventures between Pdvsa and the U.S. corporation Chevron reached approximately 242,000 barrels…
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.
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.
Official photograph of Mike Wirth, CEO of the American energy giant Chevron. Guacamaya, March 20, 2025. Chevron’s CEO, Mike Wirth,…
