U.S. Embassy highlights agreements with American companies to stabilize Venezuela’s power grid

The Daily Journal — The U.S. Embassy in Caracas highlighted on Wednesday a series of agreements that Venezuela signed with U.S.-owned corporations, primarily aimed at stabilizing the national power grid and reviving electricity generation. Through its official X account, the diplomatic mission praised the introduction of American technology and engineering to address deficiencies in the […]

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Breaking news United States – Iran agreement

Óscar Reyes Matute— A senior U.S. official leaked to The NY Times (under anonymity and via telephone) the full text of the agreement to cease hostilities, open the Strait of Hormuz, and initiate nuclear talks. Journalists from the newspaper annotated this Islamabad Memorandum of Understanding, introducing underlying analyses. Memorandum clauses and expert analysis Paragraph 1: […]

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U.S. Prosecutors request postponement of Nicolás Maduro hearing due to security and logistical concerns

The Daily Journal — Federal prosecutors for the Southern District of New York formally requested a postponement of the upcoming status conference in the criminal case against former Venezuelan President Nicolás Maduro Moros and his wife, Cilia Flores de Maduro. Defense counsel for both defendants expressly agreed to the request. Federal prosecutor Jay Clayton submitted […]

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PDVSA and Repsol sign a memorandum of understanding to boost oil and gas production following an OFAC license

The Daily Journal — Petróleos de Venezuela S.A. (Pdvsa) and Spanish energy corporation Repsol signed a new Memorandum of Understanding on oil and gas cooperation this Tuesday at Miraflores Palace in Caracas. According to official information, the agreement seeks to drive a large-scale revival of Venezuela’s hydrocarbon industry. Officials finalized the deal during a high-level […]

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There is no such thing as a peace agreement, for now… (I)

Óscar Reyes Matute— Is there a signed peace agreement—or one pending signature—between Iran and the United States? No. Iran terms it a “memorandum of understanding,” which is slated to be signed on Friday the 19th, if it is signed at all. Only subsequent to that would formal peace “negotiations” commence, subject to a 60-day window. […]

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The two sides of the coin: Pros and Cons of dollarization in Venezuela

The debate over formal dollarization in Venezuela continues to divide public opinion as the country struggles with exchange-rate instability and the constant erosion of purchasing power. Economist Manuel Sutherland examines the issue critically, weighing the benefits and costs of abandoning the national currency. Neirlay Andrade The grassroots demand: Why do labor unions want the dollar? […]

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Venezuelan government signs agreement with General Electric: 1,000 megawatts to join the power grid within two years

The Daily Journal — The strategic agreement signed Monday between the Venezuelan government and General Electric will add 1,000 megawatts to the National Electric System (SEN) within two years and more than 5,000 megawatts over the next four years, President Delcy Rodríguez said. Roger Martella, Chief Corporate Officer of General Electric Vernova, stated that the […]

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John Barrett: single-digit inflation in may shows Trump’s plan for Venezuela “is delivering results”

The Daily Journal — The Chargé d’Affaires of the United States Embassy for Venezuela, John Barrett, stated on Monday that the drop in monthly inflation to 6.3% in May marks a significant achievement for the country’s stability. “In May, Venezuela’s monthly inflation fell to 6.3%, returning to single digits for the first time in more […]

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India’s state-owned OVL plans to resume oil operations in Venezuela despite hundreds of millions in unpaid dividends

The Daily Journal — ONGC Videsh Ltd. (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corporation, is developing a strategic plan to resume its crude oil production activities in Venezuela. The company continues to move forward with the initiative even though the Venezuelan State still owes more than $900 million in overdue […]

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Provea demands information on military operation in Bolívar and warns of possible sovereignty and human rights violations

The Daily Journal — Venezuelan human rights organization Provea demanded detailed information from Venezuelan state authorities regarding the military operation in the south of the country, which the United States and the government of Delcy Rodríguez reportedly coordinated and which allegedly resulted in the death of Héctor Rusthenford Guerrero, known as “Niño Guerrero,” whom authorities […]

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