Reuters: Venezuela’s Oil Exports Drop 20% in April Due to Chevron’s Exit
Reuters estimates that Venezuela’s oil exports fell by 20% in April, averaging 700,000 barrels per day (bpd). This would be the lowest level in nine months.
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Repsol in Talks with U.S. to Maintain Operations in Venezuela
This Wednesday, Josu Jon Imaz, CEO of Repsol, shared that the Spanish company is in direct talks with the U.S. government to continue operating in Venezuela.
Venezuela and China Strengthen Alliance as Two Vice Presidents Meet in Beijing
The Executive Vice President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, was received at the Great Hall of the…
Delcy Rodríguez in China: oil, technology, space exploration and geopolitics in times of sanctions
The visit occurs in a global context dominated by geopolitical competition between the United States and China. While Washington reimposes oil sanctions aimed at isolating the government of Nicolás Maduro, Beijing maintains its strategic support, evidencing a bet to strengthen its influence in Latin America and the Caribbean, consolidate its access to energy resources at preferential prices and erode American hegemony in the hemisphere.
Russia’s Energy Strategy for 2050 and the Reshaping of the Global Order
In a context of geoeconomic tensions and accelerating rhetoric around the energy transition, Russia has solidified its strategic roadmap for the energy sector through 2050. Approved in April 2024, this document not only redefines domestic priorities but also articulates a forceful narrative about the future of global power. Through the case of Rosneft, the state-owned oil giant, a structural challenge to the Western-led energy and financial model emerges, posing both a conceptual and practical test for the international order.
ENI to Maintain Gas Production in Venezuela to Avoid a “Social Crisis” and Negotiates with the U.S.
The Italian company is seeking an exemption from U.S. sanctions to continue operating in Venezuela, where it is one of the main suppliers of gas for the domestic market.
Reuters Claims OPEC Cuts Production in March Due to Declines in Nigeria, Iran, and Venezuela
A Reuters survey reveals that the oil cartel’s crude output fell by 110,000 barrels per day (bpd) last month, driven by cuts in three key members, while Saudi Arabia slashes prices and OPEC+ prepares to increase production.
Financial Markets and Oil Open in the Red Following Trump’s Tariffs Announcement
The New York Stock Exchange, the world’s largest by market capitalization. Photo: Carol M. Highsmith. Guacamaya, April 7, 2025. The…
Trump Defends Secondary Sanctions and Tariffs Against Venezuela as Companies Seek Alternatives
Donald Trump has defended the secondary sanctions and tariffs imposed on countries that purchase Venezuelan oil or gas, arguing their “strong impact” on trade. However, this move—along with the recent decision to revoke licenses for transnational companies—has prompted immediate actions from these firms to maintain their operations in Venezuela.
Trump Orders U.S. Asphalt Company to Exit Venezuela, According to WSJ.
Facilities of Global Oil Management Group LLC in Emmastad, Curaçao, one of the main destinations for Venezuelan asphalt exported by…