Trade between Venezuela and Colombia grew 25.1 % in January of this year, reaching a volume of $80.2 million.

Data published by the Venezuelan-Colombian Chamber (Cavecol) shows that despite the increase, “Venezuelan exports to Colombia experienced a contraction of 7.8 %, remaining at $12.8 million.”

According to Cavecol, this situation is a result “not only of the beginning of the year, but also of the instability in terms of the environment, which is directly related to market confidence and fluidity.”

Among the Venezuelan products whose exports to Colombia grew in January are: fertilizers, iron and steel castings, aluminum and its manufactures, fuels and oils, and organic chemical products.

Regarding imports of Colombian products, a notable increase of 34.2 % was recorded in the first month of 2025, reaching a total value of $ 67.4 million.

“This reflects the high complementarity and efficiency of Venezuelan-Colombian trade in terms of nearshoring, where Colombia can broadly and quickly supply (land transportation and logistics) the demand for Venezuelan products,” indicated Cavecol.

M.Pino

With information from Finanzas Digital and other national and international media

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According to the report of the Organization of Petroleum Exporting Countries (OPEC); in the month of January Venezuela exceeded one million barrels of daily oil production.

“Venezuelan production reached the figure of 1,031,000 barrels of daily crude oil based on direct estimates, which means an increase of 33,000 barrels of daily crude oil compared to December 2024,” according to the organization.

However, according to secondary sources, crude oil production in the first month of 2025 was 892,000 bpd, which represents a decrease of 18,000 barrels compared to the previous month.

It is known that the production figure above one million barrels per day “was a goal set by the Venezuelan government, after several years of difficulties in its oil industry.”

According to the data referred to on Wednesday, February 12, the average of the main Venezuelan reference crude, Merey, showed an increase and was quoted at $66.86 per barrel, compared to the $61.13 it had in December 2024.

M.Pino

Source: xinhuanet

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Data from the Venezuelan Finance Observatory on inflation for the month of January indicate that it closed at 7.9 %. The entity highlights that it was 6.9 points below last December, when it closed at 14.8 %.

The OVF indicated in a press release that “this figure translated into an interannual inflation of 91.3 % at the national level, which reflects the persistent rise in prices experienced by the Venezuelan economy.”

The main factor for the inflation figure was identified as the increase in the value of the dollar in January and highlighted that “the sectors with the greatest increase were health (11.5 %), education (10.3 %), as well as clothing and footwear (10 %)”.

The organization also referred to the interannual and accumulated inflation rates for Venezuela in the first month of 2025, placing them at 91.3 % and 7.9 %, respectively.

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The new Jorge Chávez Airport will open its doors on January 29, 2025, according to an announcement by Peru’s Minister of Transport and Communications, Raúl Pérez-Reyes.

The information was confirmed by the general manager of Lima Airport Partners (LAP), Juan José Salmón, who, referring to the rescheduling of the opening, indicated that it is “within the terms of the concession contract signed with the State.”

The start of operations of the new Peruvian airport will be on January 29 at 6:00 a.m., not as originally planned, on December 18, 2024, due to operational details.

The process of transferring from the old system to the new one will take six hours prior to the airport coming into force, under the coordination of the Peruvian Corporation of Airports and Commercial Aviation S.A. (Corpac) and the airline companies.

M.Pino

Source: americaeconomia

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The decrease in oil demand by China and the United States is said to be one of the main reasons that has led the Organization of the Petroleum Exporting Countries (OPEC) to announce that it is postponing an increase in production of 180,000 barrels per day until January 2025.

According to a statement from OPEC+, published this Sunday, November 3, the joint oil production that was delayed until January of next year “is part of a plan to gradually return a total of 2.2 million barrels of crude oil per day (mbd) to the market.”

The main objective of this measure would be to reconvert part of the “5.86 mbd that OPEC+ has cut since October 2022,” which represents approximately 6% of global demand, to support crude oil prices.

Representatives from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman made the decision to postpone the increase in production that was initially approved last June.

According to the statement, the rest of the applied cut, which corresponds to 3.66 mbd, would come into effect at the end of 2025.

In any case, OPEC+ is expected to address the situation at its next ministerial conference, scheduled for December 1.

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Source: expansion

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