oil revenue Archives - The Daily Journal

Leonardo Vera: Venezuela needs a forensic audit before renegotiating its debt

October 5, 2026October 5, 2026Tatiana Da GamaLeave a Comment

The economist warns that the process must begin with a forensic audit of liabilities. The scale and diversity of creditors will require a combination of traditional instruments and mechanisms linked to economic and fiscal performance. Neirlay Andrade Venezuela faces the challenge of restructuring an external debt whose size, composition, and creditor diversity make the process […]

Oil was already national: The Trojan Horse of the 1976 “nationalization”

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

Series “Oil Under Control: The Nation, the State, the Industry and Oil Revenue in Venezuela” Grupo La Petrólia As efforts continue to institutionalize the country’s surrender of sovereignty over its main natural resource and greatest source of wealth, it is worth remembering that this crisis has deep roots. In this six-part series, we will analyze […]

China will have no rights to new Venezuelan oil production revenue, U.S. Energy Secretary says

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

A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]

ABC: U.S. Congress investigates fund managing Venezuelan oil revenue

July 31, 2026July 31, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The U.S. Government Accountability Office (GAO) has launched an investigation into the fund through which the Donald Trump administration manages revenue generated from Venezuelan oil exports. Representatives Joaquín Castro and Sean Casten, along with Senators Chris Van Hollen and Tim Kaine, requested the investigation. They are seeking information about the accounts […]

Senior U.S. official questioned over handling of Venezuelan oil funds meets Delcy Rodríguez in Caracas

July 31, 2026July 31, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Caleb Orr, the U.S. Assistant Secretary of State for Economic, Energy, and Business Affairs, met with Acting President Delcy Rodríguez in Caracas on Wednesday. Two weeks earlier, members of the U.S. Congress questioned Orr about the management of revenue generated from the sale of Venezuelan oil. Caracas announced that Rodríguez held […]

Trump confirms U.S. has received more than $13 billion from Venezuela

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. President Donald Trump said the United States has received more than $13 billion from Venezuela since the military operation on January 3, when U.S. forces captured Nicolás Maduro and took control of the country’s political leadership. Speaking to reporters aboard Air Force One, Trump argued that the funds obtained from […]