Economy

ExxonMobil’s CEO Darren Woods has underscored the Venezuelan oil sector’s current inviability for investment, requiring significant legal and commercial reforms before reentry. Despite President Donald Trump’s push for $100 billion private sector investments to revive Venezuela’s oil production, major energy firms remain cautious, signaling prolonged uncertainty and high risks ahead. Darren Woods communicated to President […]

PDVSA has entered advanced negotiations with the United States to supply significant volumes of Venezuelan crude oil, leveraging commercial schemes akin to existing partnerships with firms like Chevron. The arrangement marks a strategic shift in bilateral energy relations, with U.S. authorities poised to manage sales and revenues while positioning Venezuelan oil for market reintegration amid

Following over a decade of economic collapse under Nicolás Maduro, Venezuela faces a geopolitical and economic turning point after his capture by US forces. Despite a severe contraction of 75% in GDP, hyperinflation, and oil production plunging by 80%, recent years have seen partial recovery fueled by sanction relief and private sector openings. Market participants

Following the capture of Nicolás Maduro, the United States has initiated direct control over Venezuela’s oil reserves, signaling a prolonged presence in the country and the reactivation of its oil industry under U.S. oversight. The Trump administration envisions a multi-year involvement, with plans to export up to 50 million barrels of Venezuelan crude to the

Venezuela’s suspension of crude shipments to China following U.S. military intervention and sanctions presents a critical disruption in the country’s oil trade, intensifying logistics bottlenecks and production cuts. Chevron, operating under a unique U.S. license, remains the only company with active crude exports, anchoring Venezuela’s limited flow to international markets as the energy sector faces