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 sale of US diluents to Venezuela is formally authorized, as…
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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…
ChatGPT to test conversation-based ads in the United States
ChatGPT will begin testing ads related to conversations with adult users in the United States in the coming weeks. The OpenAI chatbot will initially display ads to customers of the free and the more affordable ChatGPT Go versions. This…
The United States completes first sales of Venezuelan oil for $500 million
The United States began sales of Venezuelan oil last week, for approximately $500 million, as part of a $2 billion agreement between Caracas and Washington.
According to Reuters, “the proceeds are held in banks under U.S. supervision and…
Hyundai Palisade received the “Utility Vehicle of the Year” award in the United States
The Hyundai Palisade was awarded the title of "Car, Utility Vehicle and Truck of the Year in North America - 2026," one of the most prestigious awards in the automotive industry. This award is conferred by the North American Car, Utility…
Wyoming launches FRNT, the first state stablecoin in the United States
The state of Wyoming announced the launch of its first state stablecoin, FRNT, traded on the Kraken platform and operating on the Solana network.
It is a stablecoin backed by US dollars and short-term Treasury bonds, compatible with other…