Understand how the Venezuelan economy moves.
The Canopus Voyager, flagged in the Bahamas, has initiated the resumption of Venezuelan oil shipments to the United States under the current sanctions framework, with a limited load scheduled for August.
PDVSA sign on a water well drilling platform during FICTEC 2018, an International Science and Technology Fair. Photo: @Testing /…
The state of economic emergency began this April. Photo: Social media. Guacamaya, August 11, 2025. The Venezuelan government announced this…
At least three oil tankers chartered by Chevron were reportedly sailing toward Venezuela on Thursday, according to Reuters.
The gradual return of Venezuelan crude to the U.S. market will also impact regional fuel prices. Photograph: Robert Way /…
In its Economic Survey of Latin America and the Caribbean 2025, ECLAC warns that the region is going through a phase of lower dynamism following the rebound seen at the beginning of 2024. Regional GDP growth will decline from 2.3% in 2024 to 2.2% this year, confirming a decade of low growth with an average expansion of just 1.2% between 2016 and 2025—even lower than that recorded in the 1980s.
“People Are Buying More, but Commercial Margins Continue to Be Sacrificed to Keep Operations Running,” Conindustria Recently Warned. Photograph: ConsultorSalud…
The Organization of the Petroleum Exporting Countries and its allies (OPEC+), headed by Saudi Arabia and Russia, approved a new crude production increase of 547,000 barrels per day (bpd) this Sunday, effective September. With this move, the coalition finalizes the reversal of the voluntary cuts of 2.2 million barrels per day (mbd) implemented in 2023, completing the process in half the time initially planned.
Venezuela’s oil exports in July were 727,000 barrels per day, 10% lower than the to 807,000 bpd in June, according to LSEG shipping data published by Reuters.
According to its CEO, the initial shipments will help settle part of the company’s outstanding debt and gradually restore production….
