The Daily Journal.- Venezuela increased its oil production to 1.15 million barrels per day in September, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. OPEC data show steady growth over the past three months. Production rose from 1.125 million barrels per day in July to 1.133 […]
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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 […]
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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 At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished.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 […]
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The Daily Journal.- U.S. President Donald Trump said Sunday that Washington could maintain its presence in Iran and benefit from the country’s oil resources, as it did in Venezuela. “Eventually, we’ll get out (of Iran), unless we decide to stay and keep the oil, like in Venezuela. You don’t hear about Venezuela anymore, do you? […]
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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 […]
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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 — 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 […]
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The Daily Journal On August 28, Donald Trump announced on social media what he called “the biggest oil deal in world history.” The United States secured majority control over one-fifth of Venezuela’s proven crude oil reserves, in an operation covering some 65 billion barrels of oil. The announcement came as the U.S. military operation against […]
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The Daily Journal. — Venezuela’s National Assembly on Tuesday approved a resolution supporting the binational energy agreement announced by Caracas and Washington, an initiative that places at least 65 billion barrels of Venezuela’s proven oil reserves under the control of U.S. companies. The ruling bloc backed the resolution, while opposition lawmakers distanced themselves from the […]
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The Daily Journal. — The White House said Monday that the oil agreement reached with Venezuela will allow the United States to secure its “energy dominance for the next century” at no cost to American taxpayers. “This deal secures our energy dominance for the next century, all at zero cost to the United States,” President […]
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