Trump announces deal giving U.S. majority control over more than 65 billion barrels of proven oil reserves

The Daily Journal. — U.S. President Donald Trump announced Friday that Washington had reached an energy agreement with the Venezuelan government that he described as “the largest oil deal in world history,” under which U.S. companies will assume majority control over more than 65 billion barrels of proven crude oil reserves. In a message posted […]

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The cost of school uniforms in 2026: How much families need to spend and where to shop to save

Outfitting a child for the return to school can require an initial investment of between US$40 and US$60 The Daily Journal.- As the new school year approaches, Venezuelan families face one of the most significant back-to-school expenses: school uniforms. Between polo shirts, pants, and shoes, outfitting a student can take a considerable bite out of […]

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Labor leaders launch national consultation to build a new political alternative

The Daily Journal.— Labor leaders from different sectors across Venezuela announced a nationwide tour to promote a consultation process among workers and communities, to build their own political platform and challenge the elites that, according to the organizers, monopolize dialogue and power. The announcement came during the Great National Workers’ Meeting, titled “National Dialogue and […]

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Venezuela to lead regional economic growth in 2026 with 6.5% expansion, ECLAC says

The Daily Journal.— Venezuela is on track to lead economic activity in Latin America and the Caribbean in 2026, with projected growth of 6.5%, according to the Economic Commission for Latin America and the Caribbean (ECLAC), which unveiled the forecast in its latest annual report. The projected performance of the Venezuelan economy stands out across […]

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Venezuelan oil price declined at the end of the first half of 2026

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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Ramón López: New process to select TSJ justices will give civil society a majority

The Daily Journal.- The process to select new justices for Venezuela’s Supreme Court of Justice (TSJ) will start over under a mechanism that will expand civil society participation, according to Ramón López, a representative of the 2015 National Assembly delegation at the dialogue talks. In an interview with Caraota Digital, López said authorities will select […]

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U.S. reveals it receives more than 500,000 barrels of Venezuelan oil per day

The Daily Journal.— U.S. Deputy Secretary of Energy Kyle Haustveit revealed that the United States currently receives more than 500,000 barrels of oil per day from Venezuela, representing nearly 50% of the South American country’s total production. “In recent months, we have seen more than 500,000 barrels, roughly half of Venezuelan production, exported to the […]

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Material losses from Colombia earthquake reach $9.589 billion

The Daily Journal.— Material losses from the magnitude 7.4 earthquake that struck southwestern and central Colombia have reached a preliminary estimate of 30 trillion pesos (about $9.589 billion), Colombian President Abelardo De La Espriella said. During a televised address on Monday, the president presented an initial assessment of the earthquake’s economic impact, which struck a […]

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Indian oil company obtains OFAC license to resume operations in Venezuela

The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]

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Dialogue went as far as it could, taking its first steps toward a modest goal

Recovering the gold deposited in England and reshuffling the deck for the selection of Supreme Court justices are announcements that, if they materialize, would give the first dialogue process since January 3 an early victory. José Gregorio Yépez The resumption of negotiations between the Executive Branch and one sector of the opposition once again brings […]

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