Understand how the Venezuelan economy moves.
The administration of President Donald Trump has issued a license allowing Chevron to produce oil in Venezuela despite existing sanctions, according to sources consulted by The Wall Street Journal.
The Central Bank of Venezuela (BCV) issued a press release on Tuesday stating that the Gross Domestic Product (GDP) in the second quarter of 2025 increased by 6.65% compared to the second quarter of 2024.
The former Minister of Finance and Chavista dissident spent 41 days under conditions of enforced disappearance, according to his family….
During his Con Maduro + TV program, President Nicolás Maduro proposed the creation of a second and third “Binational Economic Zone” between Colombia and Venezuela.
In a tightly contested election, the 81st Annual Assembly of Fedecámaras, held in the city of Valencia, elected Felipe Capozzolo as its new president for the 2025–2027 term.
Chevron has successfully completed its $53 billion acquisition of Hess after winning a legal battle against ExxonMobil.
Monagas governor Ernesto Luna announced on Wednesday the signing of an agreement with the Chinese investment group China Ai, aimed at developing an ambitious agro-industrial project on lands in western Monagas. The initiative includes the creation of several joint ventures and an International Investment Fund, with the goal of driving food production and exports from the region.
The Colombian government is reportedly seeking a license from the United States to acquire the fertilizer company Monómeros Colombo Venezolanos.
Chinese refineries posted their highest level of activity since September 2023 in June, processing 15.2 million barrels per day (bpd) of crude oil, up 8.5% from the same month last year. The rebound was due to the end of seasonal spring maintenance and improved refining margins — particularly for diesel — which encouraged plants to ramp up operations ahead of the summer demand peak.
Venezuela’s oil production saw a slight increase in June, according to the Organization of the Petroleum Exporting Countries’ (OPEC) monthly report.
