Regional consumption increased by 170,000 barrels per day year over year in July, with both countries accounting for more than half of the growth, according to OPEC’s monthly report released Tuesday. The Daily Journal.- Brazil and Venezuela accounted for more than half of the year-over-year growth in Latin America’s oil demand in July, as regional […]
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Héctor Sánchez On October 12, 1492, Christopher Columbus landed on a Caribbean island, convinced—as official school history textbooks taught us—that he had reached the Indies. He brought glass necklaces and little mirrors, along with, of course, weapons and devastating diseases. In exchange for these trinkets, he seized the gold, the land, and the destiny of […]
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The Daily Journal.- The Board of Directors of CAF — Development Bank of Latin America and the Caribbean — approved a $3.5 billion financing package comprising 15 operations across 10 countries in the region, with funds targeting infrastructure, sustainable mobility, energy transition, social development and climate action. Venezuela does not appear among the direct beneficiaries […]
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The Daily Journal.- Natalia Molano, the U.S. State Department’s Spanish-language spokesperson, told EFE in an interview that the meeting between President Donald Trump and Venezuela’s interim president, Delcy Rodríguez, does not legitimize the Venezuelan government. According to Molano, the meeting did not aim to confer legitimacy on Rodríguez, as the Venezuelan people have not elected […]
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The Daily Journal. — Bradley Hansell, intelligence chief at the U.S. Department of War, made an official visit to Venezuela over the weekend as part of a regional security tour that also included Colombia, Ecuador and Panama. Sean Parnell, the Pentagon’s chief spokesperson, Assistant to the Secretary of War for Public Affairs and senior adviser […]
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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.— Venezuela ranked as the third-largest oil producer in Latin America and the Caribbean in April, accounting for 11% of the region’s crude output, according to the latest report from the Latin American Energy Organization (Olacde), cited by EFE. Regional oil production reached 318 million barrels in April, up 10% from the same […]
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Natalia Jaua The cyclical warming of Pacific Ocean waters has once again placed Latin America before a familiar yet never identical challenge. Sea temperatures off the coasts of Ecuador and Peru remain above normal, with a mass of warm water advancing toward the central Pacific and anomalies of up to 3°C. For Venezuela, forecasts indicate […]
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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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The Daily Journal.— U.S. refiner Citgo posted record exports of ultra-low-sulfur diesel (ULSD) from its Brownsville, Texas, terminal during the second quarter, as the prolonged war between the United States and Iran continued to restrict global supplies of the fuel. According to the company’s earnings release, second-quarter ULSD export sales in Brownsville more than doubled […]
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