OFAC issues eight amended general licenses for Venezuela and eases contractual requirements

The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]

Continue Reading

U.S. negotiates stake in Venezuelan oil fields, Axios reports

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 […]

Continue Reading

Provea warns eliminating checkpoints will not dismantle corruption or police abuse

The Daily Journal. — The nongovernmental organization Provea warned that acting President Delcy Rodríguez’s decision to eliminate police and military checkpoints in urban areas across the country will not suffice to dismantle the corruption, extortion and abuse of authority associated with these control points. Provea said the measure, which authorities presented as a plan to […]

Continue Reading

U.S. deports former GNB Colonel Rafael Quero Silva to Venezuela, accused of torturing opposition members

EFE.- The United States deported Rafael José Quero Silva to Venezuela, a former colonel in the Bolivarian National Guard (GNB) accused of participating in the detention and torture of dozens of political opponents during Nicolás Maduro’s government. Immigration and Customs Enforcement (ICE) detained Quero Silva in South Florida in February 2025. He served in the […]

Continue Reading

Citgo sets record for ultra-low-sulfur diesel exports from its Texas terminal

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 […]

Continue Reading

Opacity and endless debt

By Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America Many are talking—or choosing not to talk—about Venezuela’s external debt. International agencies such as Reuters, Bloomberg, and several British financial publications place the country’s debt at an astronomical $240 billion, while other voices in the economic community, such as Miguel Rodríguez, […]

Continue Reading

What will happen to Venezuela’s funds frozen abroad?

The Daily Journal.— Following the events of January 3, 2026, and amid changing relations between Venezuela and the United States, the fate of Venezuelan state funds frozen abroad has once again become a major issue. According to Bloomberg, Washington is considering a partial release of frozen assets, estimated at between $20 billion and $30 billion, […]

Continue Reading

National Guard commander calls for loyalty to Delcy Rodríguez

The Daily Journal.— Juan Sulbarán Quintero, commander general of the Bolivarian National Guard (GNB), called on members of the force Tuesday to remain loyal to Acting President Delcy Rodríguez as seven months passed since the U.S. military operation that resulted in Nicolás Maduro’s capture. “We have a duty to fulfill, and we must remain loyal […]

Continue Reading

Trump: The Venezuela labyrinth

Dr. Juan Barreto, The Daily Journal Director for Venezuela and Latin America — It seems that matters have become increasingly complicated inside the White House: nothing personal, just business. A struggle has erupted over the division of the spoils that Venezuela now generates following the military operations that removed Nicolás Maduro and installed a transitional […]

Continue Reading