1,200Kbpd
Producción petrolera
Abril 2026 (+25% en 3 meses). Meta 1.3M bpd a fin de 2026 según la Cámara Petrolera de Venezuela.
Secretaría de Energía EE.UU. · OPEPLive
El Ministerio para Obras Públicas confirmó el 7 de mayo una demanda pico del ...Ministerio del Poder Popular para Obras PúblicasEl Parlamento Europeo aprobó el 30 de abril una resolución que pide al Consej...Parlamento Europeo / U.S. Department of EnergyEl Brent NYMEX BZ=F opera el viernes 8 de mayo cerca de $100 con un alza intradía moderada.NYMEX / CME GroupEl Instituto de Investigaciones Económicas y Sociales de la Universidad Catól...IIES-UCAB ENCOVI 2025El cronograma de audiencias del fondo del caso 171 (Arbitral Award of 3 Octob...International Court of JusticePublic sources · informationalEl Ministerio para Obras Públicas confirmó el 7 de mayo una demanda pico del ...Ministerio del Poder Popular para Obras PúblicasEl Parlamento Europeo aprobó el 30 de abril una resolución que pide al Consej...Parlamento Europeo / U.S. Department of EnergyEl Brent NYMEX BZ=F opera el viernes 8 de mayo cerca de $100 con un alza intradía moderada.NYMEX / CME GroupEl Instituto de Investigaciones Económicas y Sociales de la Universidad Catól...IIES-UCAB ENCOVI 2025El cronograma de audiencias del fondo del caso 171 (Arbitral Award of 3 Octob...International Court of JusticePublic sources · informational
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not noise.
Venezuela has changed. The risk models most analysts still use haven't. Vene Economist closes that gap: daily, sector and country intelligence for those making decisions with exposure to Venezuela.
Country Report Vol. 01 · 2026 · Launching June 1→Terminal · MercadosMay 11, 2026
Brent Crude
$101.29
—ICE
BCV Rate
Bs. 500.46
—Official
Production
1,150 kbpd
—OPEP
Intl. Reserves
$13.19B
—BCV
Cesta Merey
~$79-88 *
est.PDVSA
Inflation
37.5%
MonthlyBCV
Daily update · OPEC, ICE, BCV Live
El contexto · Enero–abril 2026
Los datos que redefinen el modelo de riesgo venezolano.
Desde la transición de gobierno de enero de 2026: 2 leyes económicas reescritas, 12 licencias OFAC emitidas, 3 visitas de alto nivel de Washington, el FMI restaurando relaciones después de 7 años, y Chevron expandiendo al 49% en la Faja del Orinoco.
Los modelos de riesgo que los fondos todavía usan hoy reflejan la Venezuela de 2024. Estos son los datos del nuevo contexto.
+4.0%
Proyección FMI 2026
Primera proyección oficial del FMI sobre Venezuela en 7 años. Americas Quarterly proyecta hasta 12%.
IMF WEO · Abr 2026GL 46–57
12 licencias nuevas
Emitidas entre el 29 de enero y el 14 de abril de 2026. GL 57 desbloqueó ~$1B del BCV.
Tesoro EE.UU. · OFAC49%
Chevron · Petroindependencia
Expansión anunciada 13–14 abril. Meta: 260K bpd fin 2026, 360K bpd 2027.
Reuters · Abr 2026303Bbbls
Mayores reservas del mundo
Faja del Orinoco concentra 87% del total. Supera a Arabia Saudita.
USGS · PDVSASWIFT
Reconexión al sistema global
GL 57 reintegró al BCV al sistema SWIFT el 14 de abril. Cambio de presidencia del BCV 48 horas después.
Axios · Rio Times · Abr 2026Cada dato tiene implicaciones concretas para quien analiza Venezuela. Los analizamos cada día en el VE Pulse.
VE Pulse · Daily briefing
The briefing analysts read before opening positions in Venezuela.
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Method · How we work
01 · Primary sources
Official data, not headlines.
BCV, OFAC, Treasury, OPEC, EIA, IMF, Reuters, Kpler. Every figure is traceable to its primary source.
02 · Editorial verdict
VE editorial verdict system.
Five sectors reviewed monthly with our own verdict system: Favorable, Under Observation, Unfavorable. Not a credit rating. Public methodology.
03 · Editorial review
Curation with judgment.
No analysis is published without editorial review. No blind automation, no political opinion, no speculation.
Analysis · Event-driven
Analysis
When a law, an OFAC license or a key appointment shifts the Venezuelan board, we publish the analysis that recalibrates the thesis. Depth on a specific event — not a fixed schedule.
Macroeconomía · Política InstitucionalApr 28, 2026
SubscriberVenezuela, day 110: the institutional map and the decisions still pending
TREND ANALYSIS · MACROECONOMÍA · POLÍTICA INSTITUCIONAL
Editorial VENE·ECONOMIST · Intelligence Unit
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Riesgo e InversiónApr 24, 2026
SubscriberCitgo, GL 5V and the 12 days that decide the refiner's fate
DEEP ANALYSIS · RIESGO E INVERSIÓN
Editorial VENE·ECONOMIST · Intelligence Unit
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Finanzas y BancaApr 20, 2026
SubscriberGL-57's Digital Operationalization: Neobanks, P2P, and the Reconnection That Outpaced Traditional Banking
DEEP ANALYSIS · FINANZAS Y BANCA
Editorial VENE·ECONOMIST · Intelligence Unit
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Strategic snapshot · Verdict by thesis
Sector Outlooks
Five investment theses with editorial verdict. The quick answer to the question before any position: where to get exposure, where to watch, where to contain?
001
Oil Opening
Enter oil now?
Verdict: FAVORABLE
Read outlook →
002
Finance & Banking
$20B in USDT without regulated custody
Verdict: FAVORABLE — selectivo
Read outlook →
003
Productive Sector
SEZs as the gateway
Verdict: FAVORABLE — via ZEE
Read outlook →
004
Mining
Gold, minerals and GL 51
Verdict: EN OBSERVACIÓN
Read outlook →
005
Country Risk
The assessment no one else does with this granularity
Verdict: EN OBSERVACIÓN — POSITIVO
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Monthly report · May 2026
Sector Briefs
Deep sector report: drivers, tracking data, benchmarks and full monthly reading. Five sectors updated monthly with 8–12 pages of analysis per brief.
01Subscriber02Subscriber03Subscriber04Subscriber
VE-ENERGY-UPSTREAM · Mar 2026
Upstream
Brief VE-ENERGY-UPSTREAM mayo 2026. El upstream entra en fase de ejecución contractual: exportaciones cruzan 1.23M bpd en abril (máximo en 7 años, +14% intermensual), Chevron en su call Q1 (1 may) confirma Venezuela = 1–2% del CFO (cash flow operativo) con cuenta por cobrar de $1.5B en amortización a 2027 y sin compromiso de capex incremental antes de clarificación fiscal. GL 5W (4 may) extiende protección bono PDVSA 2020 hasta 19 jun — extensión más corta en dos años, señal de coordinación Treasury con proceso judicial Citgo en Delaware. Repsol Petroquiriquire, Eni Junín-5 y Maurel & Prom operativos bajo GL 50A.
FAVORABLE (Convicción Alta)· Favorable Outlook
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VE-ENERGY-UPSTREAM · Mar 2026
Upstream
VE-ENERGY-UPSTREAM April 2026 brief. Hydrocarbons reform passed (Jan 29), OFAC GL 52 (Mar 18), formal returns from Eni, Repsol and Chevron in April. Production 1.095M bpd, exports >1M for the first time in 6 months. India overtakes China as top buyer at 343K bpd. Revenues channeled to U.S. Treasury custody via EO 14373. The binding ceiling remains electrical (covered in VE-ENERGY-DOMESTICO).
FAVORABLE (Convicción Alta)· Favorable Outlook
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VE-SECTORS · Mar 2026
Mining
Mining Brief April 2026. Organic Mining Law passed April 9, GL 55 since March 27, Burgum-Trafigura $100M gold shipment. The pilot architecture works; institutional scale requires the regulation, the Superintendency and a first formal announcement from a Western major.
EN OBSERVACIÓN (Cautela)· Stable Outlook
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VE-ENERGY-DOMESTICO · Mar 2026
Power Sector
VE-ENERGY April brief. GL 48A active, Wright in February, Siemens/GE inspections in March, Delcy announcement in April. The legal-enablement layer is closed; payment mechanism and power reform are not. The power constraint ceilings oil production at 1.2M bpd.
EN OBSERVACIÓN (Cautela)· Stable Outlook
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Venezuela Country Report:
20 sectors, one verdict.
20 sectors, one verdict.
Integrated assessment of the Venezuelan economy in the post-January 2026 transition: 20 sectors, quantified risks and updated country rating. The executive (Lite) version is free for the priority-access list; the full report with risk matrices and comparative tables is exclusive to the Pro plan.
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