Venezuela Ranks Last in the Economic Freedom Index for the Eleventh Consecutive Year
The Fraser Institute report highlights the close link between low economic freedom, lower per capita income, and reduced life expectancy….
Economy
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The Bolivar’s Devaluation Accelerates on Venezuelan Crypto Platforms
The price of the bolivar in crypto asset markets continues to fall at a faster rate than the US dollar rate set by the Central Bank of Venezuela (BCV), reflecting a shortage of foreign currency.
Colombia Strengthens Energy Ties with Guyana While Obstacles Due to Sanctions for Agreements with Venezuela Persist
The Colombian hydrocarbon sector has intensified its presence in Guyana through business agreements and increased air connectivity. However, the possibility of importing gas from Venezuela remains blocked by U.S. sanctions, heightening fears of a supply deficit by 2026.
U.S. judge confirms validity of Citgo collateral for PDVSA 2020 bonds
A U.S. judge upheld the validity of PDVSA bonds due in 2020, which was secured by a majority stake in U.S.-based refiner Citgo.
The IEA Warns That Without Steady Investment, Global Oil Production Would Fall by 8% Each Year
Without continuous investment in these fields, the world would lose the equivalent of the combined oil production of Brazil and…
PDVSA Production Rose in August, According to OPEC
Venezuela’s oil production rose by at least 13,000 barrels per day (bpd) in August, according to the monthly report from the OPEC.
UNDP: Venezuela Grows in 2025, but Oil Rebound Clashes with Inflation and Sanctions
The Venezuelan economy shows a mixed performance in 2025: GDP grew by 7.7% in the first half of the year, driven by oil production, which reached its highest levels since 2019, and the government implemented increases in public sector income. However, inflation, the devaluation of the bolivar, and U.S. oil sanctions threaten to undermine these advances, according to a report by the United Nations Development Programme (UNDP).
Binational Trade Between Colombia and Venezuela Grows 14.1% and Surpasses US$560 Million in 2025
Trade between Colombia and Venezuela reached US$560.7 million in the first half of 2025, representing a 14.1% growth compared to the same period the previous year, according to figures from DANE and the Colombo-Venezuelan Chamber of Commerce (CCV). The report was presented during the Binational Business Meeting “Vision Frontera 2025,” held in Cúcuta to mark the third anniversary of the border reopening and the reestablishment of diplomatic relations.
Reuters: China Concord Strengthens Oil Presence in Venezuela with Floating Platform in Lake Maracaibo
The arrival of the floating platform Alula in Lake Maracaibo marks a new chapter in energy cooperation between China and Venezuela. The project, valued at $1 billion and led by China Concord Resources Corp (CCRC) in partnership with Petróleos de Venezuela (PDVSA), aims to revive production in the Lago Cinco and Lagunillas Lago fields, with a target of 60,000 barrels per day by 2026.
Reuters: Venezuela oil exports rise as exports to the U.S. resume
Venezuela’s exports rose to over 966,000 barrels per day (bpd) in August, a nine-month high, according to shipping data quoted by Reuters.