There has been a lot of positive progress for Venezuela in recent days

 

Recent Updates for Venezuela There has been a lot of positive progress for Venezuela in recent days. It started at the beginning of the week with the news that senior US government officials travelled to Caracas for the second time this year. Before the two visits this year, the last time US officials travelled to Venezuela was more than two decades ago. The delegation that recently travelled to Carcas includes Roger Carstens, the special presidential envoy on hostage affairs, as well as Ambassador James Story, who heads the U.S. government’s Venezuelan Affairs Unit out of neighbouring Colombia. A U.S. State Department spokesperson told Bloomberg that Story came to Caracas with U.S. Special Presidential Envoy for Hostage Affairs Roger Carstens to discuss the safety of U.S. citizens in Venezuela and Nicolás Maduro announced that the delegation would meet with the National Assembly President Jorge Rodríguez, to “give continuity to the bilateral agenda between the government of the United States and the government of Venezuela.”.   Since the March trip and Russian invasion of Ukraine which caused a worldwide spike in oil prices, both the Biden administration and Venezuela’s socialist government have shown a willingness to engage after years of hostilities between Washington and Caracas over Maduro’s 2018 re-election. VenAnalytics reported this week that the Venezuelan government and mainstream opposition coalition intend to restart Norway-mediated negotiations in Mexico within the next three weeks, citing local consultancy Carpe Diem. Last but not least, to stabilise oil prices, a French official underlined the need to increase oil production and to diversify the supplies during the G7 summit that took place on Monday in Germany. If necessary this includes putting back on the market both Iranian and Venezuelan oil. "So there is a knot that needs to be untied if applicable... to get Iranian oil back on the market," the official told reporters, speaking on condition of anonymity. "We have Venezuelan oil that also needs to come back to the market." Thank You. Canaima Capital Management