🇻🇪 Is Venezuela’s bond market looking at the right signals? 📈 Analysts and investors must shift their focus away from mediatic grand gestures and towards behind-the-scenes movements. Full report here 👇 www.orinocoresearch.com/news-and-ins...

🇻🇪 Venezuela is in the global spotlight again, with military escalations, sanctions changes, an opaque oil sector, and complex political and geopolitical considerations at play. What's really going on? What are the scenarios for the future? Reach out at orinocoresearch.com/contact

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Reuters: U.S. oil producer Chevron and several European companies are in talks with the Trump administration to obtain authorizations to keep their stakes in joint ventures with Venezuela's state-run PDVSA. www.reuters.com/business/ene...

Bloomberg: "The surprise exit of a group of political opposition members from Caracas has brought new life to the beleaguered market for Venezuela’s defaulted bonds." www.bloomberg.com/news/article...

Bloomberg: "At least four zombie vessels have emerged in recent weeks in the sensitive Venezuelan oil trade." www.bloomberg.com/news/article...

De nuevo en Canela News con María Alejandra Requena. Dando perspectivas sobre la política de Trump, la "licencia Chevron" y la reciente visita de Delcy Rodríguez a China. www.youtube.com/watch?v=OvX4...

#OPEC 🦜 In March, Venezuelan crude oil production rose to its highest point since February 2019, according to PDVSA reports. Meanwhile, OPEC recorded significant declines, particularly in Nigeria, Iraq, Libya, and the UAE. Find out more here 👇 guacamayave.com/en/venezuela...

#China 🦜 Vice President Delcy Rodríguez meets with Chinese Ambassador Lan Hu to strengthen ties, as the United States increases pressure on Venezuela. Find out what's going on here 👇 guacamayave.com/en/china-and...

#BCV 🦜 This month, Maduro restructured the board of directors of the Central Bank of Venezuela. However, the reasons have not been made public, amid the devaluation of the bolivar and a controversy over new uncertified gold reserves. guacamayave.com/en/maduro-ap...

#Telefonica 🦜 The Spanish multinational Telefónica is in the process of leaving Latin America, except for Venezuela, where it is investing $500 million in 4G and 5G networks. guacamayave.com/en/telefonic...

Reuters: Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus at the country's ports after the U.S. applied tariffs that President Donald Trump imposed on the country, according to shipping data and documents. www.reuters.com/markets/comm...

#EXCLUSIVE 🦜 We interviewed Juan González, Biden's advisor for Latin America, who was in charge of negotiating with Nicolás Maduro's government. He explains what happened to US policy toward Venezuela in recent years. Read the interview here 👇 guacamayave.com/en/exclusive...

#EXCLUSIVA 🦜 Entrevistamos a Juan González, asesor de Biden para América Latina, quien se encargó de negociar con el gobierno de Nicolás Maduro. Nos explica qué pasó con la política de EEUU con Venezuela en los últimos años. Lee la entrevista aquí 👇 guacamayave.com/entrevista-e...

I just interviewed Juan González for Guacamaya. He explains what happened with negotiations with the Maduro government, the Barbados Agreement, the Chevron license, and why maximum pressure failed. guacamayave.com/en/exclusive...

Even with Trump’s sanctions and secondary tariffs, Venezuela still has buyers for its oil (mostly in China). The Merey-16 discount is stable and tankers still dock at Amuay and José. My latest for Oilprice.com. oilprice.com/Energy/Energ...

#Merey16 The price of Merey-16 (a benchmark for Venezuelan oil) has not yet fallen due to renewed sanctions and the threat of secondary tariffs. The discount to Brent (global benchmark) has been around $10 per barrel for the last month, while it was just $8 yesterday.

Unravel the complexities of Venezuela's politics, economy, and oil industry. Orinoco Research delivers expert insights, energy and mining data, and policy analysis. Learn more and contact us here: www.orinocoresearch.com

The US Treasury’s OFAC has given Chevron until 3 April 2025 to wind down operations in Venezuela.

Trump intends to revoke the licenses for oil companies operating in Venezuela, including Chevron. Why? What will it mean? Find out here: orinocoresearch.substack.com/p/trump-to-r...

The US Treasury says it’s about to issue further guidance about how the wind down period for Chevron and other oil companies in Venezuela will work. ofac.treasury.gov/faqs/1218

Bloomberg: "The revenue Chevron generates in dollars from rising oil production stays in the country and mostly gets reinvested in local currency through private banks [...] all out of the clutches of the government." www.bloomberg.com/news/article...

Ric Grenell on Venezuela, minute 5:45: “Donald Trump is somebody who doesn’t want to do regime change. He wants to do everything that we can to make the American people stronger and more prosperous.” www.youtube.com/watch?app=de...

Venezuela's electoral authority, the CNE, has pushed back regional and legislative elections by one month, to May 25th. Elections were called with a very short period to prepare, while it is not clear just who will run: which parties and candidates? How will they form alliances?

Brazil's northern state of Roraima will resume imports of electricity from Venezuela. Bolt Energy will be paying $192.49 per megawatt-hour. That is despite Venezuela's electricity generation falling short of domestic demand. www.reuters.com/business/ene...

According to an estimation by Petroguia, PDVSA's revenue would have risen to $1.5 billion this January. That would be 45% more than the same month last year, or 75% more than two years ago. www.petroguia.com/pet/noticias...

Venezuela's crude oil production would have surpassed 1 million barrels per day (bpd) in January, according to OPEC. This would be the first time since 2019, when the Trump administration introduced sanctions banning all transactions with PDVSA. orinocoresearch.substack.com/p/januarys-p...

Venezuela's crude oil production would have surpassed 1 million barrels per day in January for the first time since 2019. Figures diverge between primary and secondary sources, however. This usually depends on whether they include imported diluents in the final count.

Very important polling numbers. About 18% of the Venezuelan population would still want to emigrate, but the US is no longer their main choice. Source: Poder y Estrategia.

The Trump White House has announced that repatriation flights with Venezuela have resumed, with the following picture. Venezuela’s state owned airline, Conviasa, is in charge of transport. We can also see Richard Grenell in the picture.

Amos Global Energy intends to buy Sinopec's stake in the Petroparia oil & gas joint venture. CEO Ali Moshiri said that once sanctions are lifted, "Venezuela will once again become a strategic partner to ensure energy security in the Western Hemisphere." www.amosglobalenergy.com/news/amos-gl...

Actually looks like exports increased 116%, from 243,000 barrels of asphalt in December to 525,000 in January. Global Oil lifted five cargoes last month, bound for Portland, Baltimore, New Haven, and Puerto Cortés in Honduras. www.spglobal.com/commodity-in...

In a Bloomberg TV interview, Chevron CEO Mike Wirth said the company is in contact with the Trump administration, “We work closely with the government to understand their objectives, to understand their limitations.” www.bloomberg.com/news/article...

Reuters: "Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by Chevron, and more cargoes to China, data based on vessel movements showed." www.reuters.com/markets/comm...

Bloomberg: Venezuelan bonds rose across the curve on Monday, with those due in 2027 crossing above 20 cents on the dollar for the first time since July. www.bloomberg.com/news/article...

In a Financial Times interview, Chevron CEO Mike Wirth said that removing its license to operate in Venezuela would give more space to Russian and Chinese state oil companies. It would also hurt the local economy, thus driving more emigration. www.ft.com/content/61c8...

WSJ: "Trump Envoy Looks for Venezuela Deportation Deal in Rare Caracas Visit - U.S. presses for release of 15 American detainees, offering to continue sanction- exemptions for U.S. oil companies" www.wsj.com/world/americ...

CNN first reported that Richard Grenell was due to arrive in Caracas on Friday, to discuss a deal on deportations with Venezuela’s Nicolás Maduro. orinocoresearch.substack.com/p/richard-gr...

Venezuela auctioned off the bandwidths for 5G and 4G via the Caracas Stock Exchange, with winning bids from Digitel and Spain's Telefonica. www.bolsadecaracas.com/adjudicados-...

Financial Times: "Many US refineries depend on the kind of heavy oil produced in Canada or Venezuela — not on the lighter grades produced by America’s prolific shale industry." www.ft.com/content/bb82...

"Trump Understands That the US Needs Venezuelan Oil" "If flows of Venezuelan crude to the region were disrupted, refiners like Chevron and Valero would have to shift to lower-quality, less reliable suppliers—an undesirable prospect." oilprice.com/Energy/Crude...

Venezuela’s electoral authority, the CNE, has announced a joint election of state governors and National Assembly representatives for April 27th. Any parties participating will have to sign a document committing to respect the results announced by the CNE.

Bloomberg: “investors are closely watching signs of re-engagement between the US and Venezuela following Trump’s inauguration. His envoy for special missions Richard Grenell said on Monday that he held talks with Venezuela officials.” www.bloomberg.com/news/article...

The latest report, for members only, looks at the new relationship between the 2nd Trump administration and the Maduro government. orinocomembers.substack.com

What the Atlantic Council is saying: "Venezuela is a microcosm of the unfolding competition between the U.S. and China— and secondarily between the U.S. and Russia and Iran—in Latin America and the Caribbean." www.atlanticcouncil.org/in-depth-res...

According to @observafinanzas, an NGO, Venezuela's economic activity would have grown by 3.9% in 2024. observatoriodefinanzas.com/en-2024-la-a...

Venezuela’s electoral authority, the CNE, says it has already set the dates for local, state and legislative elections due this year. This will be a defining moment to see if voters trust the electoral system, and which factions of the opposition decide to participate.

Take a look at major developments in Venezuela's oil and gas sector in 2024, with numbers and an interactive map. Who invested in Venezuela last year? Which ventures produced the most oil? Who bought the oil? www.orinocoresearch.com/orinocoinisg...

How Venezuela's oil sector changed in 2024: Looking at the production numbers, where exports went, and what deals were closed with PDVSA last year. orinocoresearch.substack.com/p/how-venezu...

The latest client report discusses: - Possible new sanctions on Venezuela. - How oil production and exports have evolved over 2024 in numbers. - Chavismo and some opposition parties prepare for elections this year. - European embassies to downsize. www.orinocoresearch.com/subscribe