The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 5Y on Monday, authorizing certain transactions related to the 8.5% PDVSA 2020 bond, effective September 17, 2026. The new license replaces General License 5X, which OFAC issued on June 18, 2026, and which had set August […]
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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 […]
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The Daily Journal — U.S. President Donald Trump praised Chevron’s return to Venezuela and said the American oil company now operates in the country “much bigger and stronger than ever,” with expectations of generating substantial profits. He credited his administration’s policies for the company’s performance. “They threw Mike and Chevron out of Venezuela, but now […]
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The Daily Journal — Venezuela would need between $1.6 billion and $2.3 billion to restore its aluminum industry, according to estimates that industry experts presented during a conference organized by the IDEAS for Venezuela Group. Roberto Arredondo, an international aluminum market specialist, said the latest estimate exceeds the figures from a 2024 McKinsey study, which […]
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The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]
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The Daily Journal — Food conglomerate Grupo Nutresa expects Venezuela to become one of its main growth engines within the next two to three years, according to company president and banker Jaime Gilinski in an interview published by El Colombiano. The company’s strategy in Venezuela includes the acquisition of the Tío Rico ice cream brand […]
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The Daily Journal — A Florida court has scheduled the start of former minister Alex Saab’s trial for September 8. U.S. prosecutors charge him with money laundering, conspiracy to conduct financial transactions, and concealing the origin of illicit funds. Saab, whom authorities identify as an alleged frontman for Nicolás Maduro, recently entered a not guilty […]
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The Daily Journal.— The United States resumed deportation flights for Venezuelan migrants on Monday after suspending the program following the June 24 earthquakes. According to official information released by the government repatriation program, Flight No. 165 transported 147 Venezuelans, including 132 men and 15 women. Authorities from the national and regional governments received the deportees […]
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AFP.— Inter-American Development Bank (IDB) President Ilan Goldfajn ruled out an immediate resumption of lending to Venezuela on Monday, despite the restoration of relations between both sides after an eight-year break. In June, the IDB accepted Venezuela’s appointment of Calixto José Ortega Sánchez as the country’s new governor to the institution, fully restoring bilateral ties. […]
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The Daily Journal.— The U.S. Department of State endorsed the start of talks between the Venezuelan government and the opposition delegation led by Dinorah Figuera, placing the process within the strategy that President Donald Trump’s administration has outlined for Venezuela. In a press statement released Monday, spokesperson Thomas Pigott confirmed U.S. support for the initiatives […]
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