High oil prices in the international market are currently favoring Venezuela’s oil industry. These prices make the Venezuelan product more attractive to international buyers. However, this favorable situation also generates uncertainty: a drop in prices could hit production again in an already frail industry.

The purpose of our analysis is not to generate pessimism. Instead, we want to provide a realistic perspective about an industry that is crucial to the national economy.

https://venezuelanalysis.com/analysis/15463

Venezuela commemorates 33 years since the popular rebellion known as “Caracazo” against the US-backed gov't neoliberal policies.

The February 27, 1989 uprising is considered the genesis of the Bolivarian Revolution and a forerunner of anti-neoliberal resistance in Latin America.

https://youtu.be/ocgszIsnfr8

Venezuelan President Nicolás Maduro called for a “peaceful resolution” to the ongoing crisis in Ukraine in order to avoid a further escalation of the conflict.

Maduro’s statement also condemned the violation of the Minsk Agreements—a series of international agreements aimed at ending the armed conflict in the Donbas region of Ukraine—calling NATO’s handling of the accords a “mockery” and that their “derailment” constituted a violation of international law.

https://venezuelanalysis.com/news/15465

"When it comes to rural Venezuela, the most urgent task is to consolidate the spaces that campesinos possess. We must stop the restoration process and consolidate production in the lands that are in our hands."

Emma Ortega loves working in the fields when she is not studying rural land tenure in Venezuela or struggling for the rights of campesino women. Recently, she served as a deputy of the National Constituent Assembly (2017-2020).

In this exclusive interview with VA, Ortega talks about the origins of what she calls the “Fordist” model of land management in Venezuela and the role of rural women transforming the country’s agrarian production.

https://venezuelanalysis.com/interviews/15466

Judge Leonard Stark of the US Delaware District Court authorized a special master to conduct a marketing and sales process for a “contingent auction” of CITGO shares “including selecting a winning bid.”

However, the ruling clarified that the company’s shares will not be transferred until the winning bidder obtains a license from the US Treasury Department’s Office of Foreign Assets Control (OFAC), which currently blocks any attempt to sell or auction the US $8 billion-worth Venezuelan asset.

https://venezuelanalysis.com/news/15467

📍 The Nicolás Maduro gov't rejected Washington’s renewal of the 2015 executive order branding the South American country as an "unusual and extraordinary threat" to US national security. The designation has only served to "materialize a systematic blockade against Venezuela."

📍 Venezuela's Foreign Minister Felix Plasencia expressed solidarity with Russian media outlets @SputnikInt and @ActualidadRT after being censored by the European Union (EU). He accused the EU of "molding peoples' vision of Russia's military operation in Ukraine to its benefit.”

📍 A parliamentary commission investigation has estimated losses caused by the hardline opposition to total $194 billion since 2016. It accused around 1,600 people from Juan Guaidó’s camp of profiteering from Venezuelan assets and resources abroad since 2019.

📍 Inflation in Venezuela fell to 2.9% in February, down from 6.7% in January. This is the country’s lowest figure since 2014, according to the central bank.

Read more: patreon.com/posts/63449964

More than 450 delegates were present in El Maizal Commune, Lara State, for the founding congress of the Communard Union. The collective aims to build a network of social organizations throughout the country.

“Popular power is the guarantee for a transition towards socialism in Venezuela. We need its voice to be listened to and taken into account,” said the newly appointed Commune Minister Jorge Arreaza.

Former President Hugo Chávez proposed communes as the “unit cells” for the construction of socialism in the Caribbean nation. They are assembly-driven organizations envisioned as local self-governments before setting up larger networks to build the so-called Communal State.

The Communard Union's motto is "independence, commune and socialism!"

https://venezuelanalysis.com/news/15468

A high-level United States (US) government delegation that visited Venezuela on Saturday failed to produce an agreement with the government of Nicolás Maduro.

Citing three people familiar with the matter, Reuters reported that the US was seeking new presidential elections, a larger participation of foreign private capital in Venezuela’s oil industry and a public condemnation of Russia’s incursion into Ukraine. The Biden administration representatives reportedly offered Venezuela a temporary return to the SWIFT financial transaction system.

Venezuelan President Nicolás Maduro and Vice President Delcy Rodríguez, who directly participated in the meeting, instead demanded broader sanctions relief and the return of foreign assets such as oil subsidiary CITGO.

Caracas had not publicly commented on the meeting at the time of writing.

https://venezuelanalysis.com/news/15469

🎙 The sixth Venezuelanalysis' podcast episode focuses on women's struggles in Venezuela, particularly for the decriminalization of abortion and against gender violence.

Listen now! 👇

https://venezuelanalysis.com/audio/15470

On International Working Women’s Day, a number of grassroots collectives held a protest outside the attorney general’s office in the Venezuelan capital to reject sexist practices inside the country’s judicial system that revictimizes women in situations of machista violence.

“Women are killed by legal delays!” and “No more femicides!” cried out dozens of activists during the rally. The feminist groups carried a document with their demands and suggestions for the correct implementation of the 2007 Organic Law on the Right of Women to a Life Free of Violence.

“In 2020 we counted 256 cases and in 2021 we had 239. We have likewise seen a rise in trans-femicides, with six cases,” stated Venezuelan researcher Aimee Zambrano, according to the Utopix’s Femicide Monitor.

https://venezuelanalysis.com/images/15471

The Nicolás Maduro government decreed a near twentyfold salary hike.

In a public forum with trade unions on March 3, the Venezuelan president announced that the minimum wage would be set at half a Petro, some 126 bolivars (BsD) which amount to US $29 at the present exchange rate.

The new figure represents a significant increase over the previous one of 7 BsD (roughly $1.6). The government is reportedly weighing raising public employee food bonuses o 45 BsD ($10.4). They are currently set at 3 BsD.

“Wages have been our deepest wound,” Maduro said. “But we have a plan to recover salaries, all salary scales, as well as establish new collective bargaining agreements.”

The announcement came as inflation registered 2.9 percent in February, the lowest monthly figure since February 2014.

https://bit.ly/3pS6q7j

Venezuelan President Nicolás Maduro pledged to restart the dialogue process with the hardline opposition following a first-contact meeting with officials from the United States government.

“We have decided to reactivate the dialogue process with all political, economic, and religious sectors of the country. We are restructuring the talks to make them broader and more inclusive,” stated Maduro on Monday in a state television broadcast.

https://venezuelanalysis.com/news/15473