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…
Economy
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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.
Economist Asdrúbal Oliveros Warns that Inflation in Venezuela is Rising Faster than Expected
During his participation in the Economic Agenda of Román Lozinski on the Éxitos circuit, the partner-director of Ecoanalítica, Asdrúbal Oliveros, warned this Wednesday about the accelerated rise in inflation in Venezuela. According to Oliveros, inflation has shown a significant rebound in recent months, reversing the downward trend observed at the beginning of last year.
Capriles: Chevron’s Exit from Venezuela Could Open the Door to Energy Mafias
Henrique Capriles Radonski is known for his pragmatic approach, with supporters who value his experience and critics who accuse him…
OPEC: Venezuelan Crude Production Remains Stable in February
Venezuela’s crude oil production remained stable in February at 1,025,000 barrels per day (bpd), with a slight decrease of 6,000 bpd, according to PDVSA’s estimates.
Fedecámaras Calls on the Governments of the United States and Venezuela to Resume Talks
Fedecámaras has issued a call for the governments of the United States and Venezuela to resume talks, following the cancellation of the “Chevron License.”
New OAS Secretary General to Review Venezuela’s Legal Status in the Organization
Marking a new era for the Organization of American States (OAS), Surinamese Albert Ramdin has been elected as the new Secretary General of the organization. Ramdin, who will assume the position in May, has made it clear that one of his first objectives will be to review Venezuela’s legal status within the regional body.