Venezuela Extends State of Economic Emergency
The state of economic emergency began this April. Photo: Social media. Guacamaya, August 11, 2025. The Venezuelan government announced this…
Economy
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Chevron and Valero Energy Resume Talks to Reactivate Venezuelan Crude Supply
The gradual return of Venezuelan crude to the U.S. market will also impact regional fuel prices. Photograph: Robert Way /…
ECLAC: Venezuela Improves Growth Forecast for 2025 Despite Regional Slowdown
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.
Pharmaceutical Sector Grows 23.4% in First Half Amid Financial Constraints
“People Are Buying More, but Commercial Margins Continue to Be Sacrificed to Keep Operations Running,” Conindustria Recently Warned. Photograph: ConsultorSalud…
Chevron to Resume Venezuelan Crude Exports in August in “Limited Quantities”
According to its CEO, the initial shipments will help settle part of the company’s outstanding debt and gradually restore production….
Release of Rodrigo Cabezas and Members of the Venezuelan Finance Observatory Confirmed
The former Minister of Finance and Chavista dissident spent 41 days under conditions of enforced disappearance, according to his family….
The Release of Political Prisoners in Venezuela: Figures, Contradictions, and Reactions Surrounding the International Exchange
The Processing and Penal Center Metropolitan Area of Caracas I, popularly known as El Helicoide, is a penitentiary center from…
Chinese investors to develop farmland in western Monagas to boost agro-food zone
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.
China raises crude processing to highest level since 2023, driven by margins and cheap oil
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.
Latin America Breaks Records in Egg Production and Consumption: Brazil Leads and Venezuela Rises in Rankings
In 2024, the Latin American poultry industry reached historic figures in both egg production and consumption, solidifying the region as one of the most dynamic in the world. Brazil reaffirmed its leadership with over 57 billion units, while Venezuela climbed to seventh place, surpassing countries like the Dominican Republic and Ecuador. Additionally, for the first time, Latin Americans consumed more eggs per capita than the global average, according to the *2024 LATAM Productive Data* report by the Latin American Egg Institute (ILH).