The Daily Journal. — U.S. energy giant Chevron plans to increase its crude oil output in Venezuela by 50% by the end of 2028, targeting production of 420,000 barrels per day (bpd), the company’s Chief Financial Officer Eimear Bonner said during a recent earnings call. The company’s financial results show a sustained recovery in its […]
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Julio A. López, Editor-in-Chief. Víctor Julio Flores Rojas, former president of the Caracas Stock Exchange, argues that Venezuela’s capital market can play a decisive role in financing Special Economic Zones (SEZs), channeling domestic and foreign capital into infrastructure, industry, technology and other productive sectors. —How important can Special Economic Zones be for Venezuela? —Special Economic […]
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Company executives showcased Shell’s technological and operational capabilities in key areas to the Venezuelan delegation The Daily Journal.- A Venezuelan government delegation led by Hydrocarbons Minister Paula Henao visited multinational energy company Shell’s facilities to gain firsthand knowledge of its technological capabilities in offshore exploration, natural gas development, among other areas. Johann Álvarez Márquez, national […]
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The Daily Journal – U.S. energy company Crossover Energy has entered the final stage of negotiations to finalize oil agreements with Venezuela, CEO Eric McCrady confirmed during a conference in Houston. The company is finalizing the agreements with Petróleos de Venezuela (PDVSA) and the Ministry of Hydrocarbons. Crossover Energy entered Venezuela after acquiring control of […]
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The average salary of an industrial worker in Venezuela covers barely 41% of the cost of the basic food basket, highlighting a deep gap between income and the cost of living. Even at large companies, where monthly income reaches US$455, workers earn only enough to cover 63% of what a family of five needs. The […]
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Venezuela faces more than US$240 billion in debt, equivalent to 216% of its GDP, according to Bloomberg reports The Daily Journal.- Venezuela’s debt continues to grow as the government of Acting President Delcy Rodríguez prepares a comprehensive restructuring of the country’s external obligations. According to Bloomberg, a new arbitration award in favor of U.S. insurer […]
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Venezuelan oil prices averaged US$67.36 per barrel in the first half of 2026 The Daily Journal.- Venezuelan oil prices ended the first half of 2026 at an average of US$67.36 per barrel, representing a cumulative decline of US$23.11 from the peak reached in April. According to data from the Ministry of Hydrocarbons reported to the […]
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The Daily Journal.- Power outages became the second-largest constraint on domestic production during the second quarter of 2026, according to an assessment of the manufacturing sector’s performance presented by the Venezuelan Confederation of Industrialists (Conindustria). Between April and June, companies reported an average of 214 hours without electricity out of a total of 488 working […]
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The Daily Journal.- Venezuela’s private industrial sector recorded 8.1% year-over-year growth in production volume during the first half of 2026, driven by gains of 9.9% in the first quarter and 6.5% in the second quarter, the Venezuelan Confederation of Industrialists (Conindustria) reported as it presented its Industrial Economic Survey for the second quarter of 2026 […]
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EFE.— Venezuelan Hydrocarbons Minister Paula Henao will attend an event with U.S. companies in Houston on Wednesday that could lead to agreements allowing independent U.S. oil companies to begin participating in crude production in the Caribbean nation, Politico reported Tuesday. Henao confirmed her participation in the Houston event, where she will promote ‘Venezuela Energy Week,’ […]
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