U.S. Energy Secretary Chris Wright visited the oil fields Chevron operates in Venezuela on Thursday, February 12, and indicated that the company can increase production to 300,000 barrels per day.
According to Wright, “there is no doubt” that the oil company can increase production to that amount.…
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License 30B authorizes transactions for port and airport operations in Venezuela
Foreign trade specialist Marisol Mújica commented on the new OFAC License 30B, which authorizes transactions related to port and airport operations in Venezuela.
According to the specialist, this would result in a reduction of up to 25 %…
US authorizes supply of technology and software for oil production in Venezuela
The US Treasury Department announced on Tuesday, February 10, the issuance of the new General License 44A, which authorizes “the supply, export, and re-export of technology, software, equipment, and services necessary for the exploration,…
Key figures for the 2026 World Cup
With less than 150 days until the 2026 World Cup, figures are already being discussed regarding millions in revenue for the host cities, in addition to job creation and a boost to related sectors such as transportation, accommodation,…
OFAC authorizes sale of US diluents to Venezuela
The Office of Foreign Assets Control (OFAC) issued a new license last week for the sale of US diluents to Venezuela, as part of the opening of crude oil exports from the South American country.
According to this license, the export and…
The United States extends Citgo auction until March
A new license issued by the US Treasury Department's Office of Foreign Assets Control (OFAC) has extended the auction of the Citgo refinery until March.
The document states that it "temporarily prevents creditors from invoking US courts to…
US diplomat Laura Dogu arrives in Venezuela
This Saturday, January 31, US diplomat Laura Dogu arrived in Venezuela to lead the working sessions between the governments of Venezuela and the United States.
Venezuelan Foreign Minister Yván Gil announced the news via his Telegram…
Chevron to increase Venezuelan oil exports to the US
Chevron, the main partner of Venezuelan state-owned oil company PDVSA, plans to increase its crude oil exports to the United States from 100,000 to 300,000 barrels per day.
To date, Chevron “has chartered about a dozen tankers to increase…
The Fed keeps rates current without short-term cuts expectations
Fed Chairman Jerome Powell indicated this Wednesday that interest rates will remain in the 3.5 %–3.75 % range, while tempering expectations of short-term cuts.
On the other hand, the Federal Reserve noted “improvements in the U.S. economy,…
Venezuela announces partial reform of the organic hydrocarbons law
Last Thursday, January 22, the Venezuelan Parliament approved in its first reading the Draft Partial Reform of the Organic Hydrocarbons Law.
According to the country's National Assembly, "the draft maintains the status of an organic law,…
TikTok switches to US companies to avoid ban
ByteDance, the company that owns TikTok, decided to cede majority control of its US operations to an American consortium, thus ensuring its continued operation in the country and ending the legal and regulatory conflicts that have dragged…
Venezuelan debt renegotiation could restart this year
The potential easing of US sanctions against Venezuela is encouraging a group of bondholders with approximately $60 billion in debt to pursue a possible renegotiation.
The current political landscape has opened the door to potential…