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petroleovenezuela

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PitbullChain
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Article
Chevron injects US$7 billion into the Faja: what does it mean for P2P and the dollar?Patience seems to be the most valuable currency in the oil world. While giants such as ExxonMobil or ConocoPhillips left Venezuela after the nationalizations, Chevron chose to stay, weathering political storms, hyperinflation, and power outages. Today, that persistence could turn into the company’s biggest project in the hemisphere: producing 600,000 barrels per day at a cost lower than US$20 per barrel, with an investment of US$7 billion over the next five years.

Chevron injects US$7 billion into the Faja: what does it mean for P2P and the dollar?

Patience seems to be the most valuable currency in the oil world. While giants such as ExxonMobil or ConocoPhillips left Venezuela after the nationalizations, Chevron chose to stay, weathering political storms, hyperinflation, and power outages. Today, that persistence could turn into the company’s biggest project in the hemisphere: producing 600,000 barrels per day at a cost lower than US$20 per barrel, with an investment of US$7 billion over the next five years.
Article
Bloomberg: Vanguard Group Inc. joins hedge funds in acquiring more Vzl debtRecently, Venezuelan authorities announced their intention to restructure the debt, which analysts estimate to be around $170 billion in defaulted bonds and loans. The index fund giant Vanguard Group Inc. is looking to increase its portfolio of defaulted Venezuelan bonds as part of a hedge fund and distressed debt manager strategy. According to Bloomberg, the company has tripled its investment in its Emerging Markets Bond Fund, which is valued at $5.6 billion.

Bloomberg: Vanguard Group Inc. joins hedge funds in acquiring more Vzl debt

Recently, Venezuelan authorities announced their intention to restructure the debt, which analysts estimate to be around $170 billion in defaulted bonds and loans.
The index fund giant Vanguard Group Inc. is looking to increase its portfolio of defaulted Venezuelan bonds as part of a hedge fund and distressed debt manager strategy.
According to Bloomberg, the company has tripled its investment in its Emerging Markets Bond Fund, which is valued at $5.6 billion.
Article
Oil export rebound: does it have a real impact on the dollar and P2P?Oil is back in the news in Venezuela, but this time with a figure that raises alarms and expectations: crude oil exports increased by about 28% in August 2026, according to Kpler data and the ship-tracking published by Bloomberg Línea. What is the main destination? India, whose refineries have cut their purchases from Russia due to the attacks in Ukraine. For PitbullChain, this rebound is not just a macro figure: it has direct implications for the foreign exchange market, the liquidity of bolívares, digital banking, and—of course—the P2P ecosystem, where USDT remains king.

Oil export rebound: does it have a real impact on the dollar and P2P?

Oil is back in the news in Venezuela, but this time with a figure that raises alarms and expectations: crude oil exports increased by about 28% in August 2026, according to Kpler data and the ship-tracking published by Bloomberg Línea. What is the main destination? India, whose refineries have cut their purchases from Russia due to the attacks in Ukraine. For PitbullChain, this rebound is not just a macro figure: it has direct implications for the foreign exchange market, the liquidity of bolívares, digital banking, and—of course—the P2P ecosystem, where USDT remains king.
🚨📢 CURRENT OIL MARKET OVERVIEW🛢️ The oil market is caught between short-term urgency driven by a shortage of physical inventories and threats to international maritime transport, and a medium-term structural outlook characterized by slowing global demand. As long as geopolitical volatility persists, the barrel will maintain a firm bias; however, the steady contribution from independent producers in the Americas acts as the main brake on a sustained imbalance. #USGainsControlOfVenezuelanOilFields #oil #OilMarket #PetroleoVenezuela $BZ $CL {future}(CLUSDT) {future}(BZUSDT)
🚨📢 CURRENT OIL MARKET OVERVIEW🛢️

The oil market is caught between short-term urgency driven by a shortage of physical inventories and threats to international maritime transport, and a medium-term structural outlook characterized by slowing global demand. As long as geopolitical volatility persists, the barrel will maintain a firm bias; however, the steady contribution from independent producers in the Americas acts as the main brake on a sustained imbalance.
#USGainsControlOfVenezuelanOilFields #oil #OilMarket #PetroleoVenezuela $BZ $CL
🚨📢 CURRENT OIL (OIL) PANORAMA 🛢️ The oil landscape is dominated by the clash between geopolitical uncertainty in key maritime transit hotspots and the underlying macroeconomic forces. While pressures on the Strait of Hormuz and OPEC+ containment keep prices toward the upper end of the range, sustained supply growth from independent producers and moderation in structural demand limit the room for an uncontrolled long-term upward trend. #oil #OilMarket #PetroleoVenezuela $CL $BZ {future}(BZUSDT) {future}(CLUSDT)
🚨📢 CURRENT OIL (OIL) PANORAMA 🛢️

The oil landscape is dominated by the clash between geopolitical uncertainty in key maritime transit hotspots and the underlying macroeconomic forces. While pressures on the Strait of Hormuz and OPEC+ containment keep prices toward the upper end of the range, sustained supply growth from independent producers and moderation in structural demand limit the room for an uncontrolled long-term upward trend.
#oil #OilMarket #PetroleoVenezuela $CL $BZ
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Bullish
🚨📢 CURRENT OIL (OIL) PANORAMA 🛢️ The crude market is going through a fundamental rebalancing phase. While OPEC+ supply discipline and geopolitical volatility provide a floor for prices, strong production from countries outside the cartel and the structural shift in the global energy mix limit the scope for sustained long-term increases, setting up a scenario of greater stability with a neutral bias. #WTIOilRisesAsOpenInterestShrinks #oil #OilMarket #PetroleoVenezuela $CL $BZ {future}(BZUSDT) {future}(CLUSDT)
🚨📢 CURRENT OIL (OIL) PANORAMA 🛢️

The crude market is going through a fundamental rebalancing phase. While OPEC+ supply discipline and geopolitical volatility provide a floor for prices, strong production from countries outside the cartel and the structural shift in the global energy mix limit the scope for sustained long-term increases, setting up a scenario of greater stability with a neutral bias.
#WTIOilRisesAsOpenInterestShrinks #oil #OilMarket #PetroleoVenezuela $CL $BZ
Article
ONGC in Venezuela: is a breather for the dollar and P2P on the way?## What is ONGC Videsh looking for in Venezuela? A team from the international division of India's state-owned oil company ONGC arrived in Venezuela to assess its assets in the San Cristóbal and Carabobo-1 projects, where it holds stakes of 40% and 11%, respectively. The visit, which will last seven days, is the first in years and comes after the United States granted a license to resume operations in the country. Beyond the energy sector, this move has direct implications for the economy, the foreign exchange market, and the P2P ecosystem that we closely monitor on PitbullChain.

ONGC in Venezuela: is a breather for the dollar and P2P on the way?

## What is ONGC Videsh looking for in Venezuela?
A team from the international division of India's state-owned oil company ONGC arrived in Venezuela to assess its assets in the San Cristóbal and Carabobo-1 projects, where it holds stakes of 40% and 11%, respectively. The visit, which will last seven days, is the first in years and comes after the United States granted a license to resume operations in the country. Beyond the energy sector, this move has direct implications for the economy, the foreign exchange market, and the P2P ecosystem that we closely monitor on PitbullChain.
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Bullish
The situation of Venezuelans is not a fatal illness of the great elites; #PetroleoVenezuela is being handed over to Trump while Venezuelans, following a hope of circus $USDT , take value and $ETH , taking more and more value $PAXG , also rising while the Venezuelan people are still in misery
The situation of Venezuelans is not a fatal illness of the great elites; #PetroleoVenezuela is being handed over to Trump while Venezuelans, following a hope of circus $USDT , take value and $ETH , taking more and more value $PAXG , also rising while the Venezuelan people are still in misery
Article
More oil, less parallel exchange rate? The impact of the oil restart on the P2P market## The new oil bet looking toward 2026 The U.S. Secretary of Energy, Chris Wright, visited Caracas with a clear message: Venezuelan crude production can grow by up to 50% in the next 12 to 18 months. According to his projections, the country will surpass one and a half million barrels per day in the first half of next year, and could reach two million by the end of the decade. These remarks come in a context of recent agreements between Washington and Petróleos de Venezuela (Pdvsa), including Chevron’s entry into the Orinoco Belt and the controversy over North American Blue Energy Partners (NABEP)’s involvement in 20% of proved reserves. For the U.S. government, these are simple business arrangements to develop resources; for many Venezuelans, they are a new example of interference.

More oil, less parallel exchange rate? The impact of the oil restart on the P2P market

## The new oil bet looking toward 2026
The U.S. Secretary of Energy, Chris Wright, visited Caracas with a clear message: Venezuelan crude production can grow by up to 50% in the next 12 to 18 months. According to his projections, the country will surpass one and a half million barrels per day in the first half of next year, and could reach two million by the end of the decade.
These remarks come in a context of recent agreements between Washington and Petróleos de Venezuela (Pdvsa), including Chevron’s entry into the Orinoco Belt and the controversy over North American Blue Energy Partners (NABEP)’s involvement in 20% of proved reserves. For the U.S. government, these are simple business arrangements to develop resources; for many Venezuelans, they are a new example of interference.
💥President Donald Trump said that ExxonMobil, the largest U.S. oil company, is among the group of companies that plan to do business in Venezuela. It’s all about getting their cut...🙄 💥The far-right Maria Corina, once again confirmed for the hundredth time that she will return to Venezuela soon to support the political transition process. 😅🙃😆 💥Economist Steve Hanke reported that Venezuela’s dollarization project was submitted to the White House following a direct request from President Donald Trump’s administration. Step by step, they’re reshaping the colony in our country...🙄 The very same ones who imposed sanctions on you and stripped you of all your assets abroad now want to "Help" you recover your economy—the joke practically tells itself...🙄 #venezuela #TRUMP #petróleo #PetroleoVenezuela #oil $CL $BZ
💥President Donald Trump said that ExxonMobil, the largest U.S. oil company, is among the group of companies that plan to do business in Venezuela. It’s all about getting their cut...🙄

💥The far-right Maria Corina, once again confirmed for the hundredth time that she will return to Venezuela soon to support the political transition process. 😅🙃😆

💥Economist Steve Hanke reported that Venezuela’s dollarization project was submitted to the White House following a direct request from President Donald Trump’s administration. Step by step, they’re reshaping the colony in our country...🙄

The very same ones who imposed sanctions on you and stripped you of all your assets abroad now want to "Help" you recover your economy—the joke practically tells itself...🙄

#venezuela #TRUMP #petróleo #PetroleoVenezuela #oil $CL $BZ
🚨ACTUAL OIL (OIL) PANORAMA🛢️ The current crude landscape reflects a balance between opposing forces. In the short term, OPEC+ supply containment and geopolitical uncertainty act as buffers against sharp price declines. However, the medium- and long-term path points toward greater stability or a bearish bias, driven by the accumulation of non-OPEC production and the gradual transition to alternative energy sources. #BrentOil #WTIoil #oil #PetroleoVenezuela #OilMarket $CL $BZ {future}(BZUSDT) {future}(CLUSDT)
🚨ACTUAL OIL (OIL) PANORAMA🛢️

The current crude landscape reflects a balance between opposing forces. In the short term, OPEC+ supply containment and geopolitical uncertainty act as buffers against sharp price declines. However, the medium- and long-term path points toward greater stability or a bearish bias, driven by the accumulation of non-OPEC production and the gradual transition to alternative energy sources.
#BrentOil #WTIoil #oil #PetroleoVenezuela #OilMarket $CL $BZ
Verified
🚨CURRENT OIL PANORAMA🛢️ The oil outlook is in a stabilization phase around $88 USD (Brent), where the partial recovery of shipments in the Persian Gulf has offset geopolitical uncertainty. Unless there is a definitive break in the channels of dialogue or an unplanned cut in global production, the combination of increased supply from OPEC+ and moderation in demand will keep prices capped below the $92 USD resistance level in the short term. #TrumpSaysUSReachedVenezuelaOilDeal #oil #OilMarket #PetroleoVenezuela #petróleo $CL $BZ {future}(CLUSDT) {future}(BZUSDT)
🚨CURRENT OIL PANORAMA🛢️

The oil outlook is in a stabilization phase around $88 USD (Brent), where the partial recovery of shipments in the Persian Gulf has offset geopolitical uncertainty. Unless there is a definitive break in the channels of dialogue or an unplanned cut in global production, the combination of increased supply from OPEC+ and moderation in demand will keep prices capped below the $92 USD resistance level in the short term.
#TrumpSaysUSReachedVenezuelaOilDeal #oil #OilMarket #PetroleoVenezuela #petróleo $CL $BZ
Verified
📢 CURRENT OIL (OIL) OVERVIEW 🛢️ The oil market is undergoing a tactical rebalancing in which the partial easing of the risk premium in the Middle East has enabled a correction toward the $87 per barrel area in Brent. Although uncertainty about demand and high interest rates impose resistance in the $89.50 – $92.00 range, the underlying structure of backwardation and the low levels of commercial inventories prevent a deep market crash. #oil #BrentOil #WTIoil #PetroleoVenezuela #OilMarket $CL $BZ {future}(BZUSDT) {future}(CLUSDT)
📢 CURRENT OIL (OIL) OVERVIEW 🛢️

The oil market is undergoing a tactical rebalancing in which the partial easing of the risk premium in the Middle East has enabled a correction toward the $87 per barrel area in Brent. Although uncertainty about demand and high interest rates impose resistance in the $89.50 – $92.00 range, the underlying structure of backwardation and the low levels of commercial inventories prevent a deep market crash.
#oil #BrentOil #WTIoil #PetroleoVenezuela #OilMarket $CL $BZ
The US confirms that Venezuela’s oil and gas facilities were not damaged after the earthquakes This was reported by General Francis Donovan, head of the U.S. Southern Command, and John Barrett, U.S. Chargé d’Affaires for Venezuela, during a virtual press conference held from Miami The oil and gas installations were not damaged following the recent seismic events that affected the country. This was confirmed by General Francis Donovan, head of the U.S. Southern Command, and John Barrett, Chargé d’Affaires for Venezuela, during a virtual press conference held from Miami, where they assessed the impact and consequences of the earthquakes. The information was shared at a meeting with the media via Zoom, in which journalist Ginnete González participated. During the broadcast, the U.S. officials provided an assessment of the material damage detected in Venezuelan territory, immediately dismissing any negative impact on the main economic industry of the Caribbean country. "Regarding estimates of losses in La Guaira, they are substantial; the destruction has a very high cost (…) and they said it did not affect the oil and gas sector," González said. #EEUU #venezuela #petróleo #GAS #PetroleoVenezuela $BZ $CL $NATGAS
The US confirms that Venezuela’s oil and gas facilities were not damaged after the earthquakes

This was reported by General Francis Donovan, head of the U.S. Southern Command, and John Barrett, U.S. Chargé d’Affaires for Venezuela, during a virtual press conference held from Miami

The oil and gas installations were not damaged following the recent seismic events that affected the country. This was confirmed by General Francis Donovan, head of the U.S. Southern Command, and John Barrett, Chargé d’Affaires for Venezuela, during a virtual press conference held from Miami, where they assessed the impact and consequences of the earthquakes.

The information was shared at a meeting with the media via Zoom, in which journalist Ginnete González participated. During the broadcast, the U.S. officials provided an assessment of the material damage detected in Venezuelan territory, immediately dismissing any negative impact on the main economic industry of the Caribbean country.

"Regarding estimates of losses in La Guaira, they are substantial; the destruction has a very high cost (…) and they said it did not affect the oil and gas sector," González said.

#EEUU #venezuela #petróleo #GAS #PetroleoVenezuela $BZ $CL $NATGAS
Alexander Guevara
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Venezuela exported to the U.S. last week the second-highest volume of oil of the year
Venezuela strung together its tenth week as the second-largest supplier of crude oil to the United States.
Venezuelan crude oil exports last week stood at 611,000 barrels per day, the second-highest volume so far this year, according to preliminary figures from the Energy Information Administration (EIA).

The figure reported for the week that ended June 26 was 6% higher than the previous seven days and 855% higher than the same week last year; the latter variation is influenced by the sharp reduction that occurred in 2025 due to the suspension of Chevron’s license.
Article
The deadline is shortened for the review of oil contracts signed by Venezuela with companiesinternational This deadline was established so that the Ministry of Hydrocarbons can evaluate and adjust existing oil businesses: mixed companies, productive participation contracts, service agreements, and technical-financial strategic alliances. The next July 28 marks the deadline of the 180 days set for the review of the oil contracts signed by Venezuela with various international companies. Although companies that do not manage to migrate their contracts before the deadline will not lose their rights, they could be left out of the new tax benefits established in the Reform to the Hydrocarbons Law.

The deadline is shortened for the review of oil contracts signed by Venezuela with companies

international
This deadline was established so that the Ministry of Hydrocarbons can evaluate and adjust existing oil businesses: mixed companies, productive participation contracts, service agreements, and technical-financial strategic alliances.
The next July 28 marks the deadline of the 180 days set for the review of the oil contracts signed by Venezuela with various international companies. Although companies that do not manage to migrate their contracts before the deadline will not lose their rights, they could be left out of the new tax benefits established in the Reform to the Hydrocarbons Law.
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Bearish
Article
PDVSA restores fuel supply in La Guaira with the reactivation of four service stationsservice The program audited the safety and structural stability of fuel centers Petróleos de Venezuela S.A. (PDVSA) managed to restore operations and incorporate four service stations in La Guaira state. With this addition, a total of eight fuel outlets are currently active and providing regular commercial service in the region, ensuring the safe supply to users. The vice president for Commerce and National Supply of the state-owned oil company, Juan Carlos Díaz, highlighted that this progress is the direct result of executing the inspection and assessment plan for energy infrastructures.

PDVSA restores fuel supply in La Guaira with the reactivation of four service stations

service
The program audited the safety and structural stability of fuel centers
Petróleos de Venezuela S.A. (PDVSA) managed to restore operations and incorporate four service stations in La Guaira state. With this addition, a total of eight fuel outlets are currently active and providing regular commercial service in the region, ensuring the safe supply to users.
The vice president for Commerce and National Supply of the state-owned oil company, Juan Carlos Díaz, highlighted that this progress is the direct result of executing the inspection and assessment plan for energy infrastructures.
Article
Repsol seeks to incorporate the Horcón field to expand its oil project in VenezuelaThe Spanish energy company Repsol is looking to expand its projects in Venezuela by adding the Horcón oil field to its portfolio. According to Reuters, the European company is a key partner for Petróleos de Venezuela S.A. (PDVSA) in gas and oil projects. It's important to point out that the Horcón site is located southeast of Lake Maracaibo, in the Zulia state, and it's an interesting area due to the oil and gas it has. Since March, Repsol and Eni have signed several preliminary agreements with Venezuela to secure the supply of natural gas from the Perla field.

Repsol seeks to incorporate the Horcón field to expand its oil project in Venezuela

The Spanish energy company Repsol is looking to expand its projects in Venezuela by adding the Horcón oil field to its portfolio.
According to Reuters, the European company is a key partner for Petróleos de Venezuela S.A. (PDVSA) in gas and oil projects.
It's important to point out that the Horcón site is located southeast of Lake Maracaibo, in the Zulia state, and it's an interesting area due to the oil and gas it has.
Since March, Repsol and Eni have signed several preliminary agreements with Venezuela to secure the supply of natural gas from the Perla field.
Article
Bloomberg: PDVSA hires Greenberg Traurig to expedite oil dealsThe international law firm specified in a statement that "it is advising PDVSA regarding potential oil contracts." The company Petróleos de Venezuela S.A. (PDVSA) hired the international firm Greenberg Traurig to help speed up contract negotiations with various companies in the energy sector, before the deadline set by the Hydrocarbons Law. According to Bloomberg, the international law firm confirmed its professional tie with PDVSA in an email statement.

Bloomberg: PDVSA hires Greenberg Traurig to expedite oil deals

The international law firm specified in a statement that "it is advising PDVSA regarding potential oil contracts."
The company Petróleos de Venezuela S.A. (PDVSA) hired the international firm Greenberg Traurig to help speed up contract negotiations with various companies in the energy sector, before the deadline set by the Hydrocarbons Law.
According to Bloomberg, the international law firm confirmed its professional tie with PDVSA in an email statement.
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