Orinoco Research
@orinocoresearch.com
The boutique research advisory for Latin America and the Caribbean. On the ground. Turn risk and uncertainty into an advantage. Orinocoresearch.com
🇻🇪 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
Reach out at orinocoresearch.com/contact
Contact — Orinoco Research
orinocoresearch.com
October 10, 2025 at 4:34 PM
🇻🇪 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
Reach out at orinocoresearch.com/contact
September 22, 2025 at 12:27 PM
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...
www.reuters.com/business/ene...
Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures
U.S. oil producer Chevron Corp 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, three sources close to the matter said.
www.reuters.com
May 15, 2025 at 7:29 PM
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...
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...
www.bloomberg.com/news/article...
Venezuela Bond Market Gets Lift From Freeing of Political Aides
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
May 13, 2025 at 8:20 PM
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...
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...
www.bloomberg.com/news/article...
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.
www.bloomberg.com
April 30, 2025 at 1:29 PM
Bloomberg: "At least four zombie vessels have emerged in recent weeks in the sensitive Venezuelan oil trade."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Orinoco Research
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...
www.youtube.com/watch?v=OvX4...
"China se está mostrando abierta a Venezuela" | ANÁLISIS
YouTube video by Canela News
www.youtube.com
April 30, 2025 at 12:46 AM
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...
www.youtube.com/watch?v=OvX4...
Reposted by Orinoco Research
#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...
Find out more here 👇
guacamayave.com/en/venezuela...
Venezuelan Crude Production Rises in March as OPEC+ Output Falls - Guacamaya
Crude oil production rose to its highest level since February 2019, reaching 1,085,000 barrels per day (bpd), according to internal reports from PDVSA.
guacamayave.com
April 17, 2025 at 3:45 PM
#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...
Find out more here 👇
guacamayave.com/en/venezuela...
Reposted by Orinoco Research
#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...
Find out what's going on here 👇
guacamayave.com/en/china-and...
China and Venezuela Strengthen Energy Alliance Amid U.S. Sanctions and Pressure - Guacamaya
Amid the recent revocation of oil licenses for Western companies, and the imposition of secondary tariffs for buyers of Venezuelan crude, Executive Vice President Delcy Rodríguez met with Chinese Amba...
guacamayave.com
April 16, 2025 at 11:01 PM
#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...
Find out what's going on here 👇
guacamayave.com/en/china-and...
Reposted by Orinoco Research
#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...
guacamayave.com/en/maduro-ap...
Maduro Appoints New Board for Central Bank of Venezuela Amid Institutional Silence - Guacamaya
On April 11, Nicolás Maduro restructured the board of directors for the Central Bank of Venezuela (BCV) following the resignation of two of its members. The institution is now chaired by Laura Carolin...
guacamayave.com
April 16, 2025 at 4:44 PM
#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...
guacamayave.com/en/maduro-ap...
Reposted by Orinoco Research
#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...
guacamayave.com/en/telefonic...
Telefónica Accelerates Exit from Latin America but Invests in Venezuela - Guacamaya
Telefónica, the Spanish telecoms giant, is speeding up the sale of its subsidiaries in Latin America. After operating in 12 countries across the region, it will now retain only Venezuela, in addition ...
guacamayave.com
April 15, 2025 at 3:23 PM
#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...
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...
www.reuters.com/markets/comm...
Venezuela's oil flows again, after a week of panic
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 importers of the OPEC nation's oil, according to shipping data and documents.
www.reuters.com
April 9, 2025 at 10:19 PM
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...
www.reuters.com/markets/comm...
Reposted by Orinoco Research
#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...
Read the interview here 👇
guacamayave.com/en/exclusive...
Exclusive Interview: Former NSC Senior Director Juan González Explains What Happened to U.S. Policy Toward Venezuela - Guacamaya
Juan González was the White House National Security Council Senior Director for the Western Hemisphere in the Biden administration, from January 2021 until March 2024. He led a fundamental change in U...
guacamayave.com
April 7, 2025 at 2:09 AM
#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...
Read the interview here 👇
guacamayave.com/en/exclusive...
Reposted by Orinoco Research
#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...
Lee la entrevista aquí 👇
guacamayave.com/entrevista-e...
Entrevista Exclusiva: Juan González, exdirector senior del NSC, explica qué pasó con la política de EE.UU. hacia Venezuela - Guacamaya
Juan González fue el director senior para el Hemisferio Occidental del Consejo de Seguridad Nacional de la Casa Blanca durante el gobierno de Biden, desde enero de 2021 hasta marzo de 2024. Lideró un ...
guacamayave.com
April 7, 2025 at 2:09 AM
#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...
Lee la entrevista aquí 👇
guacamayave.com/entrevista-e...
Reposted by Orinoco Research
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...
guacamayave.com/en/exclusive...
Exclusive Interview: Former NSC Senior Director Juan González Explains What Happened to U.S. Policy Toward Venezuela - Guacamaya
Juan González was the White House National Security Council Senior Director for the Western Hemisphere in the Biden administration, from January 2021 until March 2024. He led a fundamental change in U...
guacamayave.com
April 6, 2025 at 11:34 PM
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...
guacamayave.com/en/exclusive...
Reposted by Orinoco Research
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...
My latest for Oilprice.com.
oilprice.com/Energy/Energ...
Despite Trump’s Crackdown, Venezuela Still Has Buyers | OilPrice.com
The U.S. president’s decisions have had an effect on who is buying Venezuelan oil, while any vessel tracker shows that there are still dozens of tankers arriving or mooring near the terminals of José,...
oilprice.com
April 6, 2025 at 11:31 PM
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...
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.
The discount to Brent (global benchmark) has been around $10 per barrel for the last month, while it was just $8 yesterday.
April 4, 2025 at 3:38 PM
#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.
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
Learn more and contact us here:
www.orinocoresearch.com
ORINOCO RESEARCH
www.orinocoresearch.com
March 28, 2025 at 7:41 PM
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
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.
March 4, 2025 at 3:31 PM
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...
orinocoresearch.substack.com/p/trump-to-r...
Trump to revoke Venezuela oil licenses
News in depth
orinocoresearch.substack.com
March 4, 2025 at 2:50 PM
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...
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
ofac.treasury.gov/faqs/1218
1218 | Office of Foreign Assets Control
ofac.treasury.gov
March 2, 2025 at 2:59 PM
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
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...
www.bloomberg.com/news/article...
Chevron Is Essential to Venezuela’s Economy — and Trump Knows It
One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp.
www.bloomberg.com
February 24, 2025 at 2:39 PM
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...
www.bloomberg.com/news/article...
Reposted by Orinoco Research
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...
“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...
Ric Grenell on Kash Patel’s Confirmation and the Freeing of Six Hostages from Venezuela
YouTube video by American Thought Leaders - The Epoch Times
www.youtube.com
February 23, 2025 at 2:19 PM
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...
“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?
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?
February 19, 2025 at 6:34 PM
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?
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...
That is despite Venezuela's electricity generation falling short of domestic demand.
www.reuters.com/business/ene...
Brazil resumes energy imports from Venezuela after six years
Brazil has resumed electricity imports from Venezuela after six years to supply its northern Roraima state, in a measure aimed at reducing costs and diversifying the energy supply for consumers.
www.reuters.com
February 19, 2025 at 12:43 AM
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...
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...
That would be 45% more than the same month last year, or 75% more than two years ago.
www.petroguia.com/pet/noticias...
Facturación de PDVSA en enero repuntó 45% | PETROGUIA
www.petroguia.com
February 17, 2025 at 11:34 PM
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...
That would be 45% more than the same month last year, or 75% more than two years ago.
www.petroguia.com/pet/noticias...