The Daily Journal.- The Merey component of the Organization of the Petroleum Exporting Countries (OPEC) Reference Basket averaged $93.75 per barrel in September, an increase of $16.93 from August, according to the organization’s monthly report. The change represents a monthly increase of approximately 22% in the price of this Venezuelan crude oil, which posted a […]
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Venezuela ranked among India’s leading oil suppliers in August, as the country imported an average of 4.5 million barrels per day. The Daily Journal.- Venezuelan oil accounted for 9% of India’s crude imports in August, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. The oil-producing group […]
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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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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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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. — Venezuela’s oil production reached 1.201 million barrels per day (bpd) in August 2026, according to a report released Thursday by the Organization of the Petroleum Exporting Countries (OPEC). The figure represents a slight increase of 1,000 bpd from the 1.200 million bpd Venezuelan authorities reported in July, keeping output above the […]
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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. […]
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The Daily Journal.— U.S. President Donald Trump on Monday avoided taking a position on Venezuela’s potential withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), saying the decision rests with Caracas despite the new energy agreement that deepens oil cooperation between the two countries. “Well, I don’t know. That’s up to them,” Trump said […]
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The Daily Journal.- Gasoline production in Venezuela has reached a strategic milestone of at least 100,000 barrels per day, according to recent data from the hydrocarbons sector. This figure marks significant progress for PDVSA and helps stabilize the country’s energy supply. According to sources at the Ministry of Hydrocarbons, this production level “makes it possible […]
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Venezuelan oil prices averaged US$67.36 per barrel in the first half of 2026 The Daily Journal.- Venezuelan oil prices ended the first half of 2026 at an average of US$67.36 per barrel, representing a cumulative decline of US$23.11 from the peak reached in April. According to data from the Ministry of Hydrocarbons reported to the […]
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