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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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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The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
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The Daily Journal — Venezuela is preparing to host the Venezuela Energy Week international summit in October 2026, an energy-sector gathering through which the country hopes to attract up to $100 billion in investment as part of its strategy to revive the oil industry. The event will take place in Caracas from October 26 to […]
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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 — Indian Prime Minister Narendra Modi welcomed Venezuelan Acting President Delcy Rodríguez with a red-carpet reception on Thursday at the iconic Hyderabad House. The high-level meeting aims to deepen bilateral trade and secure crude oil supplies for the Asian nation amid severe disruptions in global energy markets. Indian Foreign Minister Subrahmanyam Jaishankar […]
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