oil agreement Archives - The Daily Journal

Delcy Rodríguez: oil agreement with U.S. will contribute to hemisphere’s energy balance

September 24, 2026September 24, 2026Tatiana Da GamaLeave a Comment

The acting president defended energy security before the UN and questioned “forced decarbonization timelines” over their impact on production, employment, and prices. The Daily Journal.- Venezuela’s acting president, Delcy Rodríguez, told the 81st United Nations General Assembly on Wednesday that international stability depends on resolving the so-called “energy trilemma” and highlighted the recent bilateral agreement […]

The London Consensus and Venezuela: keys to a new economic model

September 24, 2026September 24, 2026Tatiana Da GamaLeave a Comment

The London Consensus advocates a strong state, influential labor unions, and well-being as a central priority. As Venezuela transitions, this framework offers a roadmap to overcome the inherited collapse and avoid repeating past mistakes. The Daily Journal.- Following the events of January 3, 2026, when U.S. forces removed President Nicolás Maduro, and the recent oil […]

Donald Trump and Delcy Rodríguez meet in New York

September 23, 2026September 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- U.S. President Donald Trump and Venezuela’s acting president, Delcy Rodríguez, held their first in-person meeting on Tuesday in New York on the sidelines of the 81st session of the United Nations General Assembly. The meeting took place at the Lotte New York Palace Hotel, where Trump hosted a reception for foreign leaders […]

What comes after the oil deal? From a secret contract to accountability

September 17, 2026September 17, 2026Tatiana Da GamaLeave a Comment

Neirlay Andrade.— The historic oil agreement signed by Acting President Delcy Rodríguez’s administration and the White House has left a trail of doubts and questions in its wake. It could hardly be otherwise: the document committing the fate of one-fifth of Venezuela’s proven crude oil reserves remains secret. This detail has cooled the optimism that […]

Oil under secrecy: U.S. deal raises questions about parliamentary oversight

September 15, 2026September 15, 2026Tatiana Da GamaLeave a Comment

The reform of the Organic Hydrocarbons Law reduced the National Assembly’s role in approving oil deals. At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished. Legal scholar Mariana Campos warns that parliamentary oversight has not disappeared; it must be exercised over implementation. Neirlay Andrade The […]

Half of Venezuelans believe the oil deal will benefit the U.S. more than Venezuela

September 11, 2026September 11, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Half of Venezuelans believe the recent oil agreement with Washington will benefit the United States more than Venezuela, according to the latest public opinion survey conducted by AtlasIntel in partnership with Bloomberg (Latam Pulse, August 2026). The study assessed citizens’ perceptions of the bilateral agreement announced by President Donald Trump involving […]

Venezuela will lose at least $500 million a year under U.S. oil deal

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Economist Francisco Rodríguez questioned the financial structure of the agreement signed with the United States to develop 17 Venezuelan oil fields. He warned that, based on the terms publicly presented so far, Venezuela would hand over strategic assets and supply crude oil under preferential terms without receiving guarantees in return. In […]

Héctor Obregón says U.S. oil deal can be renewed “for as long as necessary”

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Petróleos de Venezuela (PDVSA) President Héctor Obregón said Monday that the oil agreement with the United States involves three parties and allows renewals for as long as necessary. However, the underlying contract sets an initial 25-year term. “The contract has a 25-year term, but legally, by mutual agreement, the parties can […]

Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]

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

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

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 […]