Venezuela in May 2026: the most important developments in economy
In May 2026 Venezuela's economic news centred on oil. Data showed the country's oil exports reached a seven-year high in April, with increased sales to the United States and India, and several new oil and gas deals were signed between Caracas and American firms. On 15 May Venezuela pitched an oil contract to start talks with drillers, and a small financial group close to the Trump family was reported to be planning a $200 million Venezuela SPAC deal. On 21 May ConocoPhillips said Venezuela's efforts to attract international oil companies had fallen short, while the New York Times reported that Exxon may acquire rights to produce oil in the country.
The first commercial flight between Miami and Caracas in seven years took off on 1 May. Local reports described the latest salary increase as a one-time bonus rather than a permanent wage rise. On 15 May an explosion at a gas facility injured six workers.
by WorldBrief & Maksim Micheliov | AI-generated summary
Click a day in the chart above for that day's brief.