The Daily Journal – The Donald Trump administration is holding advanced talks with Venezuela’s interim government to acquire an equity stake in the South American country’s oil fields under a deal that official sources describe as “massive,” digital news outlet Axios reported Thursday. If the parties finalize the deal, it would cover more than a […]
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The Daily Journal.- The U.S. Department of State, in collaboration with Congress, plans to provide $57 million in grants to support the recovery of Venezuela’s National System of Youth and Children’s Orchestras and Choirs (El Sistema) and complete an 18,000-square-meter Teacher Training Center in Venezuela, the U.S. Embassy in Caracas said Thursday. The funding will […]
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The Daily Journal.- The United States delivered 20 remotely operated heavy machines to Venezuela to speed up the removal of debris left by the June 24 earthquakes, according to John Barrett, Chargé d’Affaires at the U.S. Embassy in Caracas. The United States coordinated the delivery with U.S.-based TFI Solutions. The machines will operate in hard-to-reach […]
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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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The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) added Bluwaves Properties Limited, a company registered in the British Virgin Islands, to its Specially Designated Nationals and Blocked Persons (SDN) List. The company belongs to Harry Sargeant III, a Florida energy magnate who has long served as a channel […]
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The Daily Journal.- Venezuela’s oil production averaged 1.2 million barrels per day in July, up 1.09% from June, according to official figures cited by the Organization of the Petroleum Exporting Countries (OPEC) and reported by EFE. Output rose from 1.187 million barrels per day in June to 1.2 million in July, according to OPEC’s monthly […]
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The Daily Journal.- Oil prices rose on Tuesday as negotiations between Iran and the United States to reopen the Strait of Hormuz remained stalled, fueling uncertainty over potential supply shortages in the Middle East. In that context, Brent crude, the benchmark for European markets, reached $90.03 per barrel, climbing 2.6% to its highest level since […]
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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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Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America. Curly in his labyrinth. Could hell be starting to open beneath Marco Rubio’s feet? Where do I get this from? Well, the midterm elections are approaching, and all the polls seem to indicate that Democrats will prevail over Republicans. Some polls even […]
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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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