dolarparalelo

The recent energy agreement between the United States and Venezuela has been met with optimism by some analysts, but also with skepticism. The global firm Oxford Economics believes it represents a “strong recovery” scenario for the Venezuelan economy, though it doubts its implementation. At PitbullChain, beyond oil, we ask: what impact will this have on the P2P cryptocurrency market and the parallel dollar? Here’s what we know.
## A promising agreement, but one that raises doubts

The Minister of Electric Energy, Rolando Alcalá, has again put a date on a promise Venezuelans have been hearing for more than a decade: the recovery of the National Electric System (SEN). According to the official, in the last quarter of 2026, 1,300 megawatts will come online, distributed among one unit of 600 MW at the Centro power plant, seven units totaling 500 MW for Zulia, and the remainder distributed nationwide.
For PitbullChain, this isn’t just an infrastructure story. Each power outage of eight, twelve, or sixteen hours translates into P2P operations failing, merchants losing liquidity, silent point-of-sale terminals, and an exchange rate that wakes up only. The useful question isn’t how many megawatts they announced, but how many will actually arrive and how quickly it feels in the pocket of the person who buys and sells USDT every day.

The International Oil and Gas Summit of Venezuela (VIOGS 2026) left a clear picture: foreign companies are willing to put money into the country, an interim government is opening doors, and the United States is overseeing every agreement. Repsol, Siemens AG, Hunt Oil, Maurel & Prom, and UCC Holding passed through Caracas with optimistic speeches. The curious note: two power outages in the middle of the workday, right when infrastructure was being discussed.
For PitbullChain, that scene sums everything up. Venezuela has the largest proven reserves on the planet and, at the same time, can’t guarantee electricity to an investors’ forum. That contrast is the same one faced by anyone who today swaps USDT for bolívares at three in the morning.

Live P2P Radar Capture: 14/8/2026, 1:00:15 a. m.
USDT/VES reference Bs. 897.34
Buy USDT Bs. 897.34
USDT sale Bs. 882.76
BCV Bs. 766.86
Premium vs BCV 17.02%
P2P spread 1.65%
Observed offers 177
Check current data on P2P Radar
The 2026 currency market in Venezuela continues to show complex dynamics that require in-depth analysis to understand the real value of money. In mid-August 2026, Venezuela’s financial ecosystem reports a significant distortion: a 17% exchange rate gap between official rates and digital markets. This divergence not only affects price setting in the real economy, but also creates challenges and opportunities for those operating on peer-to-peer (P2P) exchange platforms.

On Tuesday, September 29, the National Assembly approved the establishment of a preliminary commission that will pave the way to elect and appoint the next justices of the Supreme Tribunal of Justice. The announcement came from an ordinary session, but with an instruction that sounded more like an order than a suggestion: no delays.
📊 What Parliament approved, in a few lines
The commission was chaired by the ruling-party deputy Giuseppe Alessandrello, with the opposition figure Pablo Pérez serving as vice president. Its members are Gloria Castillo, José Oscar Villarroel, María Gabriela Vega, Fernando Bastidas, Carlos Mogollón, Jhonatan García, and Liliana González for the PSUV, as well as Luis Florido for the opposition and Félix Freitas for Fuerza Vecinal.

📊 A tough diagnosis: half the problem isn't visible in the wiring
The debate about the national power system returned to the center of the conversation this week, after electrical engineer Enrique Márquez warned that the state-owned electric company works with only a minimal fraction of the technical staff it needs to operate normally. According to his assessment, only about one in ten engineers who should be on the payroll is available, leaving the grid without the human capacity to diagnose, maintain, and repair it in time.

📊 A summit with a waiting list and with a underlying question
From September 28 to 30, 2026, Caracas becomes the epicenter of the energy debate with the International Oil and Gas Summit of Venezuela. The selected venues — IESA and the JW Marriott hotel — will host an estimated audience of 650 people among local and foreign executives, government delegates, and members of the diplomatic corps. The detail that has generated the most noise: more than 150 applicants were left out and are waiting for a spot that probably won’t arrive.

📊 A petroleum bill that nobody is paying yet
The debate about the resurgence of Venezuelan oil returned to the center of the conversation with an uncomfortable figure: giving more strength to the industry would require injecting more than US$100 billion in the medium term, and up to US$220 billion if the goal is to restore the historical infrastructure in a decade or more. The figures come from scenarios by Rystad Energy and from operational records of Baker Hughes and OPEC cited by OilPrice.com, and they depict a country producing again above 1.1 million barrels per day, but doing so with a worn-out structure.

📊 A maracayero on NASA's control dashboard
There are stories you read that feel like science fiction and turn out to be pure archive. Héctor Rafael Rojas's is one of those: a Venezuelan from Caracas by adoption, born in Aragua, educated between Liceo Agustín Codazzi and Fermín Toro, who ended up at La Sorbonne with physics, mathematics, and a PhD in astrophysics under his arm. While half the world viewed Apollo 11 as a geopolitical race, he saw it as a problem of geometry, light, and surface physics.

📊 From "country risk" to a portfolio priority
For years, Venezuela was viewed by major oil companies as a risky destination, with fragile contracts and changing rules of the game. That narrative has just been shaken: Chevron’s CFO, Eimear Bonner, confirmed that the country has risen to the corporation’s top investment opportunities, after securing better contractual terms and additional blocks in the Orinoco Belt.
The figure on the table isn’t small: a gross commitment of nearly US$7,000 million and a production target of 600,000 barrels per day within five years, with total costs that the executive herself places below $20 per barrel. In Bonner’s words, this bet would make it possible to unlock around 9,000 million barrels of commercial reserves over the same period.

The Venezuelan oil-rig board has a new contender, and it certainly didn’t arrive quietly. North American Blue Energy Partners (NABEP), the company led by Venezuelan businessman Alejandro Betancourt, announced that it has already secured a considerable operating arsenal: 60 drilling platforms, 30 steam boilers to mobilize heavy crude, and 70 pieces of heavy machinery equipment. Two of those rigs left Houston aboard the cargo vessel BBC Washington, with about six days of sailing ahead until Venezuelan waters.

📊 The port began to breathe again, but the wound remains open
Business activity at the main seaport terminal on Venezuela’s central coast regained its pace. Rusvel Gutiérrez, who chairs the Chamber of Merchants, Industrialists, and Customs Agents of La Guaira state (Caduainco), confirmed this, noting that port operations are running at full capacity after the double seismic event on June 24, 2026.
The forced rerouting of cargo to Puerto Cabello lasted about a month—a period that shook the logistics of importers, transporters, and businesses that depend on that flow. Although the infrastructure suffered damage, the message from the business sector is clear: the port is operational and the goods are moving again.

📊 A helm delivered by proximity, not by curriculum vitae
The board of Ecopetrol —the largest company in Colombia and one of the most influential state-owned oil companies in the region— decided to put Joaquín Gutiérrez, a business administrator who comes from the real estate and health sectors, in charge of the company. He also served as campaign chief, private secretary, and a trusted adviser to President Abelardo de la Espriella. What’s striking isn’t just the name: it’s that he arrives with not a single day of prior experience in hydrocarbons, as reported by Colombian media.

📊 Maracaibo filled up with booths and the energy market once again started talking about the future
Between September 23 and 24, 2026, the 8th International Expo on Oil, Industry, and Commerce took over Maracaibo with a turnout of around 240 companies, both domestic and foreign, according to figures from the business directory Petróleos de América. The main takeaway is simple: after the easing of U.S. sanctions, suppliers of inputs pulled their quotes out of the drawer again, updated equipment, and went looking for contracts.

📊 A sudden stop in shipment that is felt in Caracas
Venezuelan oil, which in recent years has repositioned itself as one of the relevant suppliers for U.S. refineries, is running into an unusual obstacle: the cost of moving the barrel. According to Bloomberg reports, spot sales with cargo scheduled for October cooled because freight rates have nearly doubled since late August, tightening negotiations between the state oil company and its buyers.

The vice president acting as president, Delcy Rodríguez, and the prime minister of Trinidad and Tobago, Kamla Persad-Bissessar, sat at the same table in New York to unblock a bilateral relationship that had been on hold for some time. The meeting, held on the sidelines of the 81st session of the UN General Assembly, resulted in a roadmap covering energy, trade, security, air connectivity, tourism, agriculture, risk management, and culture, as well as an official visits agenda between Caracas and Port of Spain.

Marco Rubio’s press conference left a headline that few expected and another that almost no one highlighted. The U.S. secretary of state confirmed that Donald Trump and Delcy Rodríguez discussed elections, yes, but the real weight of the agenda was on how to lift an economy that, according to their own words, would end up in the hands of any elected government as a social and economic catastrophe.
Translated into the language of the Venezuelan market: the discussion is not about who sits in Miraflores, but about what remains of the financial system when that happens. And that’s where the local crypto community has a lot to read between the lines.

📊 A meeting without cameras that shook the economic agenda
The White House confirmed that Donald Trump and the acting president Delcy Rodríguez held a meeting this Tuesday, September 22, at the Lotte New York Palace hotel, as part of the reception that the U.S. president hosted for foreign leaders during the UN High-Level Week. There was no press, no joint statements, and no official agenda was published. Far from diminishing its impact, this secrecy makes it the strongest political signal the country has received in years.

Live P2P Radar Capture: 26/8/2026, 2:00:13 p. m.
USDT/VES reference Bs. 960.20
Buy USDT Bs. 960.20
USDT sale Bs. 907.58
BCV Bs. 787.52
Premium vs BCV 21.93%
P2P spread 5.80%
Observed offers 238
Verify current data on Radar P2P
Venezuela's FX market shows a notable divergence between the official BCV rate and what is traded in the P2P market. By the close of August 26, 2026, the BCV published an exchange rate of 787.5196 Bs/USD, while USDT P2P trades at 960.2 Bs/USD, implying a premium of 21.92% over the official reference. This scenario is not new, but the size of the gap and the behavior of the spread provide important signals to understand the current dynamics.

Halliburton moved again on the Venezuelan chessboard. The U.S. corporation announced the signing of memorandums of understanding with Brazilian company Eneva and Venezuelan firm Wesca, with the aim of strengthening energy development initiatives in the country. This isn’t just news about wells and rigs: it’s a sign that the oil services ecosystem is starting to reorganize, and historically, that ends up splashing onto the foreign exchange market, banking, and P2P crypto.
📊 What the agreements say, in plain language