Jorge Rodríguez: Without the license, we cannot pay the outstanding debts with Chevron
Jorge Rodríguez addresses the National Assembly at the Federal Legislative Palace. Photo: National Assembly. Guacamaya, March 6, 2025. The president…
Oil
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Chevron License Revocation Reshapes Global Market with Implications for the U.S. and Venezuela
The U.S. government, led by Donald Trump, formally announced the revocation of the license allowing Chevron to operate in Venezuela. The decision, made official on March 4 and effective in 30 days, marks the end of a strategic relationship that had enabled the U.S. oil company to export over 200,000 barrels per day of Venezuelan crude.
Maduro Threatens to Halt ExxonMobil’s Oil Operations in Essequibo
During an event commemorating the 12th anniversary of the death of President Hugo Chávez, Nicolás Maduro announced that he will take measures to stop what he called an “illegal action” by Guyana and the U.S. oil company ExxonMobil in the Essequibo region, a territory disputed between the two nations.
No More Sanctions: A Call to Reason
Editorial Guacamaya, March 6, 2025. Economic sanctions against Venezuela hurt the livelihoods of those of us here, do not promote…
Venezuela oil exports rise to 930,000 barrels per day
Venezuelan oil exports rose to their highest level since November, reaching 934,465 barrels per day (bpd) of crude oil and fuel, according to Reuters.
OPEC+ Determined to Increase Oil Production in April
Image of the OPEC headquarters in Vienna, Austria. Photo: alex.ch. Guacamaya, March 4, 2025. The Organization of the Petroleum Exporting…
Trump Ends the “Chevron License”
The American corporation Chevron, through its joint ventures with Pdvsa, produced approximately 242,000 barrels of crude oil per day in…
Dispute Over Esequibo Waters Reignites Territorial Conflict Between Guyana and Venezuela
The territorial dispute between Venezuela and Guyana has reached a new critical point following a complaint by Guyanese President Irfaan Ali about the incursion of a Venezuelan military vessel into waters that Guyana considers its own. The incident has sparked a strong diplomatic reaction and reignited historical tensions between the two countries over the Esequibo territory, which is currently under dispute in a case before the International Court of Justice (ICJ).
Trump Threatens to Revoke Chevron’s License for Venezuela
Guacamaya, February 26, 2025. U.S. President Donald Trump announced on Wednesday his intention to suspend General License 41, which allows…
United States and Venezuela: Consequences of a Potential End to the Oil Relationship
The oil sector in Venezuela and the United States have had a symbiotic relationship throughout recent history. In the photo:…