Published in association with The DVA Group and The Selinger Groupthe Venezuelan Daily Brief provides bi-weekly summaries of key news items affecting bulk commodities and the general business environment in Venezuela.

Venezuelan Daily Brief Published in association with The DVA Group and The Selinger Groupthe Venezuelan Daily Brief provides bi-weekly summaries of key news items affecting bulk commodities and the general business environment in Venezuela.

Thursday, May 11, May 11, According to the Port Authority, arriving products include wheat flour, frozen fish, cooking oil, rice, cereal, lentils, sugar, apples, pears, toilet paper, sanitary napkins, shampoo, brushes, feeding bottles, soap, moist towels, hemodialysis kits, intravenous solution, and supplies for medicine production. Also, metallic structures, construction material, clothing, spare parts for vehicles, appliances and cattle equipment.

Fertilizer and herbicides are offloading at Puerto Cabello. Venezuela's main refineries operating at record lows. Venezuelan crude sales to the U. UN reports sharp drop in Cuban exports of refined oil products.

Amid chaos in Venezuela, infant deaths, malaria cases skyrocket. Fruit and vegetable transport is paralyzed by protests. Disturbances are hurting beef distribution nationwide. International reserves drop down to lowest level in 15 years. Politics and International Affairs. Venezuela protesters fling feces at soldiers; unrest takes 2 more lives. Opposition leader arrested at pre-march gathering. Venezuela hauls protesters before military tribunals to face up to 30 years behind bars.

IACHR lashes at repression; deplores rising death toll in Venezuela. Maduro regime allies delay OAS vote on Venezuela.

Venezuela is on the verge of civil war. The following brief is a synthesis of the news as reported by a variety of media sources.

Share to Twitter Share to Facebook Share to Pinterest. Tuesday, May 9, May 09, CONVIASA flights reportedly have been suspended. Venezuela braces for double whammy if U.

Venezuela would be hit from two directions if the U. American drivers may pay more at the pump as well. Speculation about possible new U. America is the biggest buyer of Venezuelan crude, and CITGO Petroleum Corp. Venezuela oil price falls for 2nd consecutive week The price Venezuela receives for its mix of medium and heavy oil fell as U. According to figures released by the Ministry of Petroleum and Mining, the average price of Venezuelan crude sold by Petroleos de Venezuela S. Latin American Herald Tribune, http: Venezuelans are leaving the country, heading mostly for Spain and the US.

Foreign investment has dried up. US data show that in US net foreign direct investment in Venezuela turned negative for the first time since the series began in the early s. Last year, Venezuela was the only country with which the US had negative net income flow among the 58 countries for which data are available.

Overall foreign investment and acquisitions have stalled, and there have been no deals to date this year. Economic contraction is coupled with hyperinflation.

Venezuelans are seeing the value of their money shrink at the fastest pace in the world. This means that Venezuelans see the value of their money and the ability to buy goods and services massively shrink day by day. Venezuela opposition boycotts meeting on Maduro assembly, as civilians subjected to military courts.

Venezuela's opposition boycotted a meeting on Monday to discuss President Nicolas Maduro's plan for a new popular assembly, preferring to protest in the streets where they were again blocked by security forces firing tear gas. In familiar scenes from five weeks of unrest, youths with gas masks and makeshift shields faced off with police and National Guard troops in Caracas, after hundreds of demonstrators were stopped from reaching government offices.

Venezuela's opposition is demanding elections to resolve the country's grave political crisis. The year-old successor to Hugo Chavez is setting up a " constituent assembly " super body with power to rewrite the constitution and shake up public powers. But no representatives of the opposition Democratic Unity coalition went to the Miraflores presidential palace on Monday despite an invitation from Education Minister Elias Jaua who is leading the constituent assembly process.

Hundreds have also been hurt and arrested. Local rights group Penal Forum said 1, people had been detained since April 1 over the protests, with still behind bars. Opposition leaders said of those were being processed by military tribunals in Carabobo state.

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Perhaps to justify the use of those military tribunals, officials say they are now facing an " armed insurrection ". Red-shirted Maduro supporters also rallied in Caracas on Monday.

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Hundreds evacuated in Maracaibo as tear gas seeps into homes. The protest turned violent when demonstrators were blocked by national guardsmen while trying to deliver a letter expressing their disdain for socialist President Nicolas Maduro's push to rewrite the nation's constitution.

Protesters tried to get around the officers by finding another route but were pushed back by heavy clouds of tear gas in a raucous exchange that continued for more than an hour, witnesses said.

Juan Diego Amado, an anti-government activist, said he entered one building housing a foundation housing about children and elderly residents and found many coughing and in tears after inhaling the fumes. Volunteers rushed children still in diapers, others in strollers and the elderly in wheelchairs out of the building to hospitals for treatment. Continued protests in Venezuela's capital Monday resulted in 60 people being injured, said Ramon Muchacho, a Caracas-area mayor.

The demonstration began with a group of schoolboys, who gathered — still dressed in their school uniforms — in the palm-lined square outside the town hall of the prairie town of Villa del Rosario in western Venezuela. And then, to cheers from onlookers, the figurine itself — which appeared to be made of fiberglass or plastic — was pulled down and dragged into the street.

Since then, the gesture has been repeated elsewhere: Some argue that such incidents demonstrate that after years of economic chaos, food shortages and government repression, Venezuelans have finally reached the breaking point.

Although pressure on Maduro may be mounting, it is still not coming from two key areas, Leon said. For now, the war of attrition between government and opposition looks set to continue, and the death toll seems certain to rise.

Roses in hand, Venezuelan women protesters face security forces. Dressed in white and chanting " Liberty!

The women's marches took place in most major cities around the nation. In Caracas, marchers sang the national anthem and shouted: Press union reports over acts of aggression against journalists. He said there are 18 arrests registered. What is behind the turmoil? Venezuela is split into Chavistas, the name given to the followers of the socialist policies of the late President Hugo Chavez, and those who cannot wait to see an end to the 18 years in power of his United Socialist Party PSUV.

After the socialist leader died inMaduro has not been nifty option intraday chart to inspire Chavistas in the same way his predecessor did. His government has furthermore been hampered by falling what is libor in the stock market prices.

The lack of oil revenue has forced the government to curtail its social programs, leading to an erosion of support among its core backers. A series of events has further heightened tensions between the government and the opposition and led to renewed street protests.

Key was the surprise announcement by the Supreme Court on 29 March that it was taking over the powers of the opposition-controlled National Assembly. The opposition said that the ruling undermined the country's separation of powers and took Venezuela a step closer to one-man rule under Nicolas Maduro. The court argued that the National Assembly had disregarded previous Supreme Court rulings and was therefore in contempt.

While the Supreme Court reversed its ruling just three days later, distrust of the court did not subside. Anti-government protesters have been calling for fresh general elections.

They have four key demands: Removal from office of the Supreme Court justices who issued the 29 March ruling; general elections in ; creation of a " humanitarian channel " to allow medication to be imported to counter the severe shortages in Venezuela; release of all the " political prisoners ". Faced with almost daily protests, Maduro probably felt he needed to make a move. Not willing to give in to the 777 binary options clickbank demand for early presidential elections, he chose to announce the creation of a constituent assembly.

Opposition leaders have denounced the move as an attempt by President Maduro to maximize his power and cling on to it for longer. They argue that the process of setting up a constituent assembly and drawing up a new constitution would almost certainly mean that regional elections due to be held this year and presidential polls scheduled for December would be delayed.

Recent actions by both elites and the government suggest they take the possibility of fracture seriously — maneuvering in a high-stakes contest that is potentially decisive but whose outcome remains uncertain.

Elite fracture operates as a kind of game in which each player tries to figure out what the others are about to do. Stay loyal to a failing government too long and you risk going down with it. If enough believe they have achieved critical mass to force a leadership change, they will all push at once.

Luisa Ortega, the attorney general, conducted such a test, whether she intended to or not, in late March. But punishing her would risk backlash from any elites who market online stock stock trading poems her view.

Ortega went unpunished, and the ruling was reversed. Rapid policy changes can open such fissures by forcing elites to decide whether to education cess on share trading along.

This is why periods of crisis can heighten risks of elite fracture, as governments myer sydney opening hours anzac day rapid changes to keep virtual stock market asx. The deciding vote in these situations is often cast by the military, which has the power to break a deadlock among elites and, often, the popular legitimacy to lead a transition.

In Venezuela, some are already calling on the military to step in. By conferring pre-emptive legitimacy, they signal to potential coup leaders that they would enjoy at least some elite support. Even a loyal military, when forced to resolve a political crisis, might decide against the leader who called it in. The forex fnb south africa of fully predicting how the military might decide in another crisis, along with growing unrest that could again test it, has left the government nervous.

Loyalty was once purchased with oil revenue, but as the economy worsens, elites compete over a smaller pie. Venezuela is also growing internationally isolated, forcing elites to fear they could face foreign sanctions or even criminal charges if they remain loyal and the government falls. And so ideological dedication remains widespread, including among elites. That same fervor could create an opportunity for dissidents, however. This is why coups are often led by colonels or civilians of equivalent rank, who also enjoy fewer fruits of patronage and so face less downside in defecting.

But movement can come only when elites, junior or senior, are sure they have the numbers to win.

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And any contest over ideological loyalty will tilt 6 figure forex playbook the status quo. The rules of the game still favor Maduro, even if the state of play does not. The New York Times: Venezuela's ex-spy chief promotes possible presidential bid. He is a longshot who hopes to offer a third way for Venezuelans weary of the country's violence and economic woes.

Reviled among President fidelity day trading Maduro's opponents for leading a crackdown on anti-government protesters inRodriguez Torres has also alienated government loyalists with his sharp criticism of the socialist administration.

But he nevertheless is finding an audience among Venezuelans who have abandoned support for a government that has failed to resolve the economic crisis but still distrust the opposition. In a recent interview, the year-old Rodriguez Torres blamed Maduro for destroying Venezuela's oil-rich economy, failing to rein in violence from pro-government militias and silencing critics.

He said he is wary of the street protests launched by the president's foes and instead preaches a message of reconciliation grounded in his evangelical Christian faith. Pollsters haven't included Rodriguez Torres in their surveys yet, but his criticism of Maduro hasn't gone unnoticed. High-ranking officials in recent weeks have accused him of treason or playing into the opposition's hands.

His aides say Venezuelan media are under pressure not to interview him and social media is filled with speculation he could be jailed for speaking out like other once loyal military bigwigs.

Others trying to occupy Venezuela's almost invisible middle ground include another Chavez army acolyte, Lara state Gov. Henri Falcon, and chief prosecutor Luisa Ortega, who shocked the nation by saying constitutional order had been violated when the Supreme Court briefly gutted the opposition-controlled congress of its powers a few weeks ago.

Rodriguez Torres' close ties to Chavismo's military wing are what distinguish him from a growing cadre of administration critics on the left. While outwardly loyal to Maduro, many in the armed forces are believed to be unhappy with the government but fearful that if the opposition takes power they'll lose privileges and influence accumulated during 17 years of socialist rule.

Rodriguez Torres' proposals seem taken straight from the opposition's playbook. He sees Venezuela's economic problems rooted in decade-old foreign currency controls and says he would go to the International Monetary Fund, which Chavez railed against, for help it if put food on Venezuelans' table.

He said he'd also like to patch up relations with Chavez's old nemesis, the United States. Defense Minister says no armed groups outside the military are acceptable. He referred to the so-called Bolivarian Militia, which became the center of attention after Maduro increased their number 50and allocated resources to provide them with rifles.

He added that although there are weapons available for all, all weapons are controlled by the Armed Forces and are only given to them when the task assigned requires.

Maduro to convene a military constitutional assembly. He also called on the business community to select representatives. Jaua says no vote can be called to call for a Constitutional Assembly. Wife says Venezuela's jailed Lopez is well, urges more protests.

Jailed opposition Venezuelan politician Leopoldo Lopez is well and is urging street demonstrators to keep up massive anti-government protests, his wife said on Sunday after her first visit with the former presidential hopeful in over a month, putting to rest rumors of his ill health.

With tension already high after over a month of street action, many Venezuelans were shocked on Wednesday when a journalist tweeted that Lopez had been taken to hospital without vital signs. The government accused the Lopez clan of whipping up a media frenzy to gain attention. Lopez is indeed alive and well, Tintori told reporters after a visit at the Ramo Verde military prison with Lopez's mother and two children.

Almagro says Venezuela needs a new leader, blasts use of military courts for civilians. OAS Secretary General Luis Almagro says Venezuelan President Nicolas Maduro has gone too far to bring the country back from the brink, and that the crisis-ridden nation needs elections and a peaceful transition of power -- not the new constitution that Maduro has promised.

The only institutional exit for the country is a general election. Pope urges Venezuelans to " build bridges ". Pope Francis encouraged Venezuelan bishops to work on the building of bridges between the government and the opposition to resolve the domestic predicament. National Security head McMaster meets with Venezuela opposition leader Borges. National Security Advisor McMaster met with Venezuela's National Assembly President Julio Borges at the White House.

They discussed the ongoing crisis in Venezuela and the need for the government to adhere to the Venezuelan Constitution, release political prisoners, respect the National Assembly, and hold free and democratic elections. They agreed that there is a strong need to bring the crisis to a quick and peaceful conclusion. He also sent a video deploring actions by military prosecutors against civilians. He compared the Maduro regime to past Latin American military dictatorships.

A group of 15 US Congressmen have asked President Trump to take the case of Venezuela to the UN Security Council, seeking support in providing humanitarian aid to Venezuela.

They also asked the President to sanction Venezuelan officials and paramilitary that are responsible for violating human rights during ongoing protests.

Argentina, Brazil, Colombia, Costa Rica, Guatemala, Honduras, Mexico and Paraguay signed the declaration saying: Casualties are all Venezuelans. Ernesto Samper, former Secretary General of the Union of South American Nations UNASUR Ernesto Samper has advised the political shareholders in Venezuela to resume talks. In his opinion, it is the only way to solve the current state of affairs in Venezuela.

Costa Rica seeks political dialogue and democratic solution to Venezuelan crisis. Costa Rica recently called back its Ambassador to Venezuela for consultations. CARICOM urged to send fact finding mission to Venezuela. Caribbean Community CARICOM leaders have been urged to send a fact-finding mission to Venezuela to make an informed analysis of the situation in that country. Uruguayan legislators seek investigation of Mujica era deals with Venezuela. They charge the use of private middlemen that were arbitrarily appointed to carry out business in several fields, through the National Development Fund.

Dudamel dedicates concert to a slain student in Venezuela.

Venezuelan Daily Brief

Gustavo Dudamel, the Venezuelan music director of the Los Angeles Philharmonic, walked on stage, looked at the orchestra for a moment and then turned to the audience. Dudamel said the violence in Venezuela is unacceptable, and he dedicated the concert to the slain student and to all the victims of violence. Much of the violence he condemns is being perpetrated by pro-government forces.

Some have gone so far as to accuse the conductor of being complicit in the violence, for not biting the autocratic hand that feeds the hundreds of thousands of El Sistema students for whom Dudamel feels responsibility.

The Los Angeles Times: Maduro talks to cows during official ceremony. In a video shot last week during a visit to an agricultural fair in Caracas, the year-old former bus driver is seen talking to a group of cows … about politics. Are you going to accompany me? Do you want death? Those of us who want peace and life go to the Constituent Assembly ," he then says.

The video has caused quite a stir in social media, where Maduro has been accused of not being right in the head. But Maduro's main aim may be to get people talking about something besides the five weeks of anti-government protests that have left 38 people dead, including protesters, government sympathizers, bystanders, and security forces.

Venezuela indigenous group flees crisis for Brazil. Around indigenous Warao people from the Orinoco Delta in Venezuela have arrived in the Brazilian city of Manaus in the Amazon. The authorities have declared a social emergency to seek government funds to help with the influx.

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