Trump defends military intervention in Venezuela and oil deal at UN: “to the victor belong the spoils”

The Daily Journal. — U.S. President Donald Trump defended the January military operation against Nicolás Maduro on Tuesday during the 81st session of the United Nations General Assembly and celebrated the recent energy agreement with Caracas, declaring before the international body that “to the victor belong the spoils.” During his address at the UN headquarters, […]

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Military high command backs oil deal with U.S. and rules out political subordination

The Daily Journal.— The Military High Command of the Bolivarian National Armed Forces (FANB) formally expressed its support on Tuesday for the energy agreement between Venezuela and the United States to develop 17 oil fields that account for one-fifth of the country’s proven crude oil reserves. Defense Minister Gustavo González López made the statement after […]

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Delcy Rodríguez projects 1.5 million barrels per day under new oil agreement with U.S.

CARACAS — Venezuela’s acting president, Delcy Rodríguez, said Saturday night that the energy agreement with the United States calls for the development of 17 strategic oil fields and aims to reach production of more than 1.5 million barrels per day over its 25-year term. In a statement shared on social media, Rodríguez provided new financial […]

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Trump says he will refill U.S. strategic reserves “very soon” with Venezuelan oil

The Daily Journal. — U.S. President Donald Trump said Sunday that his administration will soon use Venezuelan crude to replenish the country’s strategic energy reserves following the recent bilateral agreement that gives U.S. companies operational control over one-fifth of the South American country’s proven reserves. In a post on his Truth Social platform, Trump lashed […]

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Editorial | What do those who sign actually affirm?

Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America.— The week begins with plenty of movement on the oil front. On the one hand, this Friday, U.S. President Donald Trump announced on his social media platform that he had signed an oil agreement with Venezuela’s acting president, Delcy Rodríguez, calling it […]

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