The Daily Journal — Ricardo Menéndez, Venezuela’s Sectoral Vice President for Planning, held a bilateral meeting with Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries, during the 29th St. Petersburg International Economic Forum, which takes place in the Russian city from June 4 to 6. During the meeting, Al Ghais […]
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The Daily Journal — The International Monetary Fund (IMF) and representatives of the Venezuelan government held a high-level meeting in Washington last weekend to define areas for immediate technical cooperation. The meeting advanced efforts to resume the periodic bilateral consultations known as Article IV consultations, through which the IMF formally assesses the financial health of […]
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The Daily Journal — The Special Commission for the Evaluation and Classification of Public Assets, recently created by Venezuela’s acting president, Delcy Rodríguez, is developing strategies to restructure the nation’s assets. Businessman Luigi Pisella, a member of the commission, revealed that the plan includes returning properties affected by unfinished expropriation processes, opening key sectors such […]
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The Daily Journal — The Government of India confirmed that discussions during Venezuelan Acting President Delcy Rodríguez’s visit to New Delhi included one central issue: outstanding debts owed to Indian companies, especially in the oil and pharmaceutical sectors, most of which accumulated before and during international sanctions on Caracas. During a press briefing, Rudrendra Tandon, […]
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The Daily Journal — India formalized its strategy to deepen energy ties with Venezuela after the official meeting between Prime Minister Narendra Modi and Acting President Delcy Rodríguez. Indian authorities described the relationship between the two countries as strategic, driven by the urgent need to secure energy supplies. During a special press briefing, Shri Rudrendra […]
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The Daily Journal — The International Monetary Fund (IMF) appointed Spanish economist Álvaro Piris Chavarri as its new mission chief for Venezuela, according to sources familiar with the matter cited by Bloomberg. The move signals progress toward rebuilding the institution’s relationship with the country after years of distance. Piris brings a background in macroeconomics and […]
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Bloomberg — JPMorgan Chase & Co. and Jefferies Financial Group Inc. are organizing trips to Caracas as investor demand grows for firsthand insight into Venezuela’s efforts to revive its oil-rich economy and restructure its debt after years of isolation. Executives from Jefferies traveled to the South American country this week and are considering another visit […]
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By Julio A. López. Audio: https://clyp.it/sxc5j3do Caracas, June 4, 2026 — Chevron has sent a clear message to the international energy market: Venezuela still offers extraordinary oil potential, but new investment will depend on big changes to the fiscal framework that governs the industry. Chevron CEO Mike Wirth said in a Bloomberg interview today that the […]
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The Daily Journal — The recent reform of Venezuela’s Organic Hydrocarbons Law has sparked an intense debate about the future of the country’s primary source of income. While the government argues that the changes aim to attract investment and increase oil production, energy economists warn that the new framework significantly reduces the state’s share of […]
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By Julio A. López. Audio: https://clyp.it/febjsi2j Caracas, June 3, 2026 — Venezuela hosts the world’s largest proven oil reserve in the Orinoco Oil Belt, with more than 300 billion certified barrels. This figure exceeds the reserves of countries that many people traditionally regard as energy giants, such as Saudi Arabia, Iran, and Canada. Located north of […]
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