The inequality of phantom growth: why Venezuela and Ireland suffer from the same macroeconomic mirage

Andrés Ramón Giuseppe Ávalo In conventional economic analysis, Venezuela and Ireland rarely appear in the same conversation. One is a European technology and pharmaceutical hub; the other is a Caribbean oil-producing nation recovering after years of acute economic collapse and severe international sanctions. Yet beneath their profound geographical and institutional differences lies a shared structural […]

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Venezuela and Suriname sign nine cooperation agreements in strategic sectors

The agreements cover fisheries and aquaculture, agri-food, civil aviation, tourism, hydrocarbons, higher education and specialized training The Daily Journal.- Venezuela and Suriname signed nine cooperation agreements and a joint declaration aimed at deepening bilateral relations, with commitments covering strategic sectors such as fisheries and aquaculture, agri-food, civil aviation, tourism and hydrocarbons. The two countries signed […]

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U.S. Announces new measures to boost agricultural exports to Venezuela

The Foreign Agricultural Service announced financing, trade promotion, training and food assistance programs to expand access for U.S. products to the Venezuelan market. The Daily Journal.- The Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA) announced Thursday a series of initiatives aimed at expanding agricultural trade with Venezuela through export financing mechanisms, […]

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Glencore and Mercuria compete for deal to operate Venalum

Both companies are negotiating with Venezuela to operate the plant, in a move that marks the return of major commodity traders The Daily Journal.- London-listed miner Glencore (GLEN.L) and Swiss commodity trading company Mercuria Energy are among the firms seeking a deal involving Venalum, Venezuela’s largest aluminum plant. According to Bloomberg, both companies are holding […]

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Oil activity in Zulia begins to pick up, with production reaching 360,000 barrels per day

The Venezuelan Petroleum Chamber confirmed increased activity among companies and equipment in the sector The Daily Journal.- The Venezuelan Petroleum Chamber (CPV) confirmed Thursday that oil activity in Zulia state has begun to pick up, with companies increasing operations and production reaching between 350,000 and 360,000 barrels per day. Roy Biagioni, president of the CPV’s […]

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New phase of dialogue to include political guarantees and freedom of expression

The Daily Journal.- Dinorah Figuera, who represents a sector of the opposition at the dialogue table with the Delcy Rodríguez administration, said the next phase of negotiations will focus on restoring the institutional framework of public authorities and discussing political and civil guarantees, including freedom of expression. During a virtual meeting with lawyers from Mérida […]

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National Academy of Economic Sciences warns of dollarization costs and proposes multi-currency regime

The Daily Journal.- The National Academy of Economic Sciences (ANCE) warned that full and formal dollarization of the Venezuelan economy could quickly curb inflation but would significantly limit the country’s economic policy tools. Instead, it proposed establishing a multi-currency or dual-currency regime. In a document released amid debate over officially adopting the U.S. dollar as […]

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NABEP aims to produce 500,000 barrels per day by 2028

The Daily Journal.- North American Blue Energy Partners (NABEP), the oil company backed by the Donald Trump administration to develop oil fields in Venezuela, expects to increase its crude production to 500,000 barrels per day (bpd) by the end of 2028, more than double the approximately 200,000 bpd it currently produces, according to a Bloomberg […]

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Venezuela’s oil production reached 1.201 million bpd in August

The Daily Journal. — Venezuela’s oil production reached 1.201 million barrels per day (bpd) in August 2026, according to a report released Thursday by the Organization of the Petroleum Exporting Countries (OPEC). The figure represents a slight increase of 1,000 bpd from the 1.200 million bpd Venezuelan authorities reported in July, keeping output above the […]

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Sidor workers denounce precarious labor conditions and deteriorating company services.

The Daily Journal.- The Guayana Grassroots Workers’ Social Movement denounced alleged labor irregularities at Siderúrgica del Orinoco “Alfredo Maneiro” (Sidor) on Thursday and warned about deteriorating services for workers and their families. In a statement dated September 10, the organization accused company management of pursuing an alleged policy of “precarious employment conditions” and demanded answers […]

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