The Daily Journal.— An analysis of satellite imagery conducted by the Venezuelan-German Institute of Applied Ecological Sciences (IVACEA) detected an extensive anomaly consistent with hydrocarbon contamination in Golfo Triste, off Venezuela’s north-central coast. It warned of its potential impact on areas of Morrocoy National Park. The study, based on imagery from the European Space Agency’s […]
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The economist warns that the process must begin with a forensic audit of liabilities. The scale and diversity of creditors will require a combination of traditional instruments and mechanisms linked to economic and fiscal performance. Neirlay Andrade Venezuela faces the challenge of restructuring an external debt whose size, composition, and creditor diversity make the process […]
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The Daily Journal.— Opposition Senator Flávio Bolsonaro and President Luiz Inácio Lula da Silva will face each other in Brazil’s presidential runoff scheduled for October 25, after election officials confirmed the results of Sunday’s vote with 99.99% of ballots counted. According to consolidated data from Brazil’s Superior Electoral Court (TSE), former President Jair Bolsonaro’s eldest […]
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Coal production plunged to 350,000 short tons in 2024 from 8.7 million in 2000 The Daily Journal.- Glencore Plc, Peabody Energy Corp. and Heeney Capital are considering agreements to produce coal in Venezuela’s Zulia state. The talks have focused on operational control and offtake rights rather than direct ownership of the mines. According to a […]
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The Daily Journal.- The Board of Directors of CAF — Development Bank of Latin America and the Caribbean — approved a $3.5 billion financing package comprising 15 operations across 10 countries in the region, with funds targeting infrastructure, sustainable mobility, energy transition, social development and climate action. Venezuela does not appear among the direct beneficiaries […]
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The state-owned oil company took advantage of eased U.S. sanctions to add heavy Merey crude to its refining mix The Daily Journal.- In a strategic move to secure energy supplies and reduce costs, state-owned Indian Oil Corporation (IOC) has advanced an industrial modernization plan aimed at increasing the complex’s capacity to 18 million metric tons […]
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Exports fell to 1.08 million barrels per day in September The Daily Journal.- Venezuela’s oil exports fell nearly 9% in September to 1.08 million barrels per day, down from 1.19 million barrels per day the previous month. According to Reuters, rising maritime freight costs and traders’ demands for steeper discounts weighed on the country’s shipments. […]
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The Daily Journal.- Women’s political participation in Venezuela takes place under conditions of risk that extend beyond public activity and affect their families. The nongovernmental organization Laboratorio de Paz documented this situation in its study Unbreakable: Violence Against Women in Venezuelan Politics. The report, recently presented by the NGO’s co-director, Lexys Rendón, and researcher Beatriz […]
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The Daily Journal.- U.S. Energy Secretary Chris Wright said the U.S. government’s participation in oil projects in Venezuela could help reduce political risk for investors and provide a measure of stability in the event of future changes in government. Wright made the remarks during an interview with Charlotte Howard, U.S. editor of The Economist. His […]
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The Daily Journal.- Robert González, a leader of the United Federation of Venezuelan Oil Workers (Futpv), called on Petróleos de Venezuela (PDVSA) on Wednesday to immediately begin negotiations on the sector’s collective bargaining agreement, citing a delay of more than eight years in negotiations over labor benefits. González made the demand during a sector-wide plenary […]
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