Rubio calls U.S.-Venezuela oil deal a “major win,” projects $100 billion in investment

The Daily Journal. — U.S. Secretary of State Marco Rubio on Friday endorsed the bilateral energy agreement with Venezuela, which gives Washington majority control over 17 strategic oil fields with proven potential of 65 billion barrels of reserves. “This agreement is a major win for both the American and Venezuelan people,” the top U.S. diplomat […]

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Venezuela confirms agreement with U.S. on 65 billion barrels of oil reserves

The Daily Journal. — The Venezuelan government confirmed Friday night that it had signed an energy agreement with the United States that opens the development of “17 strategic fields, with proven potential of 65 billion barrels of oil” to private operators. In an official statement posted on social media, acting President Delcy Rodríguez described the […]

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Trump announces deal giving U.S. majority control over more than 65 billion barrels of proven oil reserves

The Daily Journal. — U.S. President Donald Trump announced Friday that Washington had reached an energy agreement with the Venezuelan government that he described as “the largest oil deal in world history,” under which U.S. companies will assume majority control over more than 65 billion barrels of proven crude oil reserves. In a message posted […]

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Committee created to bring together commercial creditors of Venezuela’s debt

The Daily Journal. — A group of legal and financial advisers has created a committee to bring together and represent Venezuela’s commercial creditors, aiming to coordinate their participation in the debt restructuring process announced by the government, Reuters reported. The committee, formed in early August and scheduled for an official launch this Thursday, seeks to […]

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IACHR warns of expanding illegal mining and armed control in southern Venezuela

The Daily Journal. — The Inter-American Commission on Human Rights (IACHR) and its Special Rapporteurship on Economic, Social, Cultural and Environmental Rights (REDESCA) expressed deep concern over the expansion of illegal gold mining in southern Venezuela. They denounced its severe impact on local communities. The organizations warned that “persistent human trafficking, sexual exploitation, deteriorating health […]

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OFAC issues eight amended general licenses for Venezuela and eases contractual requirements

The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]

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U.S. negotiates stake in Venezuelan oil fields, Axios reports

The Daily Journal – The Donald Trump administration is holding advanced talks with Venezuela’s interim government to acquire an equity stake in the South American country’s oil fields under a deal that official sources describe as “massive,” digital news outlet Axios reported Thursday. If the parties finalize the deal, it would cover more than a […]

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National Assembly approves partial Reform of Organic Law of the Supreme Court in first debate

The Daily Journal – Venezuela’s National Assembly (AN) unanimously approved the partial reform bill of the Organic Law of the Supreme Court of Justice (TSJ) in its first debate during an extraordinary session this Thursday. The proposal changes the composition of the Judicial Nominations Committee, which selects the justices of the country’s highest court. Content […]

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Provea warns eliminating checkpoints will not dismantle corruption or police abuse

The Daily Journal. — The nongovernmental organization Provea warned that acting President Delcy Rodríguez’s decision to eliminate police and military checkpoints in urban areas across the country will not suffice to dismantle the corruption, extortion and abuse of authority associated with these control points. Provea said the measure, which authorities presented as a plan to […]

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