PRESS DIGEST 1 AUG 2026: EVs export to China; IOCs with headwinds in VEN

CARACAS, VENEZUELA (By Energy Analytics Institute, 1.Aug.2026, Words: 555) — The following briefs span company details on the International Energy Agency (IEA), KAPSARC, International Monetary Fund (IMF), Shell Companies, Petrotrin, Exxon, Shell Nigeria Exploration and Production Company Limited (SNEPCo) and Chevron among others.

The briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond. Energy Analytics Institute (EAI) has not verified all of these stories and therefore does not vouch for their accuracy. 

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AFRICA

— Shell Companies in Nigeria hosted outgoing EVP Nigeria and country chair, Marno de Jong to a rousing send-forth as former managing director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni returns from a foreign posting to take up the role. [Shell]

ASIA

— the global solar expansion remains concentrated in a handful of mkts. In 2025, China (378 GW), India (49 GW), and the US (45.2 GW) accounted for 472.2 GW of new solar PV capacity additions, helping lift worldwide installed capacity to nearly 2.9 TW, according to Saudi think-tank KAPSARC.

LATIN AMERICA AND THE CARIBBEAN 

TRINIDAD AND TOBAGO

— T&T PM Kamla Persad-Bissessar launched a scathing critique against her detractors, claiming they are “consumed with an irrational hatred that has driven them deranged” as she fiercely repudiated the backlash surrounding her absence from yesterday’s African Emancipation Day observances in the capital city. [T&T Guardian]

— as a restart for the Pointe-a-Pierre refinery looms ahead, former Petrotrin chairman Wilfred Espinet, who led the closure and restructuring of the company, remains sceptical. [T&T Guardian]

VENEZUELA

— 7 mths after the US deposed strongman Nicolás Maduro, Big Oil has yet to make any big moves in Venezuela. ExxonMobil, Chevron and

other major oil cos. are fighting for a small number of the OPEC country’s most attractive drilling spots, but some of the talks w/ Venezuelan leaders recently hit an impasse, according to people familiar with the negotiations. [WSJ]

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— US sec. of state Marco Rubio on Cuba: “If you look at the history of espionage in the United States, Cuba is the only country that consistently has implanted and embedded spies in our system – without even paying them.” [State Department]

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— US sec. of state Marco Rubio on Venezuela: “You need to have laws and rules and regulations in place so investors from America and around the world can go in and safely invest and create prosperity. Ultimately you have to have transition.”  [State Department]

EUROPE

— over 2 million EVs have been exported from China since the start of 2026, but only 2/3 of these have been sold, according to the IEA. “Together with unsold exports from previous months, this leaves over 1 million electric cars available for sale in global markets,” the IEA said. [EAI]

NORTH AMERICA

— persistent global imbalances can fuel financial vulnerabilities & raise the risk of disorderly adjustment. IMF research shows simultaneous policy action across major economies could reduce imbalances and support more balanced and sustainable growth.[IMF]

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By freelance editors and writers reporting for Energy Analytics Institute (EAI) from Atlanta, Baton Rouge, Caracas, Houston, Monterrey, Mexico City, and Bogota. 

EAI and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA do not provide investment advice. © 1999-2026 LATINPETROLEUM INC., dba ENERGY ANALYTICS INSTITUTE (EAI), and EDITORES LATIN PETROLEUM CA. All Rights Reserved.