The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
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The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]
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The Daily Journal — Acting President Delcy Rodríguez announced that Venezuela’s oil sector expanded by more than 9% during the second quarter of the year. She added that the industry also posted year-over-year growth exceeding 10% compared with the same period in 2025. “The hydrocarbons sector remains active and continues to recover. During this second […]
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The Daily Journal — Acting President Delcy Rodríguez announced the launch of an emergency mortgage program as part of a broader package of economic measures to address the aftermath of the June 24 earthquakes. The program will provide subsidies covering up to 80% of eligible financing. Rodríguez said the government will implement the initiative in […]
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The Daily Journal — Acting President Delcy Rodríguez announced the launch of a direct financial assistance program for families directly affected by the June 24 earthquakes. “We have also decided to launch the financing program immediately, providing monthly assistance over the next six months to ensure a steady source of emergency income for those most […]
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The Daily Journal.— Consecomercio has presented a legislative proposal to support Venezuela’s reconstruction following the earthquakes that affected several regions of the country. The proposal also calls for financial mechanisms and coordinated action between the public and private sectors to address the emergency. In a statement, the business association said it submitted the draft Law […]
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The Daily Journal.— Venezuela’s acting president, Delcy Rodríguez, announced Thursday the creation of an initial fund worth $200 million to finance the reconstruction of areas affected by the June 24 earthquakes. She said the government expects to recover those resources through the International Monetary Fund. During a press conference with international media, Rodríguez explained that […]
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The Daily Journal. The Inter-American Development Bank Group (IDB Group) announced on Thursday a financial aid package of at least $1 million to support emergency operations in Venezuela after the powerful twin earthquakes that caused extensive damage along the country’s central coastline and in Caracas. The bank will provide the funding through non-reimbursable emergency technical […]
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By Diviana Márquez — In the dim light of a makeshift produce stand in Catia La Mar, a woman clutches a wrinkled $20 bill as though it were a shield. Around her, the coastline of La Guaira still breathes the dust of buildings that gave way just five days ago under the historic 7.2 and […]
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The Daily Journal — Economist Asdrúbal Oliveros has brought a sobering reality to the forefront, one that forces the country to look beyond the physical destruction and the undeniable human tragedy. The recent earthquake has carved a deep crack into Venezuela’s already fragile financial structure. According to the analyst’s preliminary estimates, the material losses are […]
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