Understand how the Venezuelan economy moves.
This March 15 marks three years since Venezuelan workers last saw an increase in their minimum wage. Since then, they have faced the longest period without salary adjustments in the last 27 years, amid high inflation and a deep economic crisis.
Oil pumpjack and drilling rig in Venezuela. Photo: HumbRios. Guacamaya, March 7, 2025. The Trump administration is reportedly preparing to…
Colombian President Gustavo Petro with Nicolás Maduro at the Miraflores Palace during a visit in November 2023. Guacamaya, March 7,…
The U.S. government, led by Donald Trump, formally announced the revocation of the license allowing Chevron to operate in Venezuela. The decision, made official on March 4 and effective in 30 days, marks the end of a strategic relationship that had enabled the U.S. oil company to export over 200,000 barrels per day of Venezuelan crude.
Official photograph of Scott Bessent, the United States Secretary of the Treasury since January 28, 2025. Guacamaya, March 6, 2025….
Venezuelan oil exports rose to their highest level since November, reaching 934,465 barrels per day (bpd) of crude oil and fuel, according to Reuters.
Image of the OPEC headquarters in Vienna, Austria. Photo: alex.ch. Guacamaya, March 4, 2025. The Organization of the Petroleum Exporting…
The American corporation Chevron, through its joint ventures with Pdvsa, produced approximately 242,000 barrels of crude oil per day in…
Guacamaya, February 26, 2025. U.S. President Donald Trump announced on Wednesday his intention to suspend General License 41, which allows…
Trinidad and Tobago intends to request the U.S. government to extend the license granted to British oil company Shell and the National Gas Company of Trinidad and Tobago (NGC) to develop the Dragon gas project in Venezuela, according to sources consulted by Reuters.
