Neirlay Andrade.— The historic oil agreement signed by Acting President Delcy Rodríguez’s administration and the White House has left a trail of doubts and questions in its wake. It could hardly be otherwise: the document committing the fate of one-fifth of Venezuela’s proven crude oil reserves remains secret. This detail has cooled the optimism that […]
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The Daily Journal.— President Donald Trump’s administration seeks greater U.S. access to Venezuela’s mineral resources, including gold, after securing control over 65 billion barrels of the South American country’s proven oil reserves. In that regard, the U.S. administration has expanded its efforts to gain influence over the Caribbean nation’s vast natural resources beyond hydrocarbons, according […]
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The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]
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The Trump administration is reversing, through forceful actions and aggressive diplomacy, what President Chávez painstakingly built, and Nicolás Maduro later sought to deepen. José Gregorio Yépez The signing of Venezuela’s oil agreements with the multinational companies that attended the meeting at Miraflores, with the approval of U.S. Energy Secretary Chris Wright, marks one of the […]
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A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]
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Beijing called Tuesday for safeguards for its interests in fields operated by Chinese companies such as Sinopec and CNPC. The Daily Journal.- The Chinese government on Tuesday demanded protection for its interests in Venezuela following reports that, under the oil agreement between Caracas and Washington, U.S. companies could take control of several fields currently operated […]
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The Daily Journal. — The White House said Monday that the oil agreement reached with Venezuela will allow the United States to secure its “energy dominance for the next century” at no cost to American taxpayers. “This deal secures our energy dominance for the next century, all at zero cost to the United States,” President […]
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The Daily Journal.- Oil prices started the week higher as the market grew increasingly skeptical about a potential agreement in the Middle East to reopen the Strait of Hormuz. North Sea Brent crude for October delivery rose 1.29% to $83.55 per barrel. Its U.S. counterpart, West Texas Intermediate (WTI) crude for September delivery, gained 1.15% […]
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The Daily Journal – When we stop and look at the state of the world, we scan the horizon from one side to the other and find ourselves overwhelmed, uneasy, even confused. Uncertainty fills us with anxiety because we cannot see the light at the end of the tunnel, and amid it all the same […]
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The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]
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