Venezuela’s Quake Spared the Oil but Hit the Budget
Venezuela's earthquake left its oil fields running but threatens the budget its debt restructuring depends on, with damage near the size of the economy.
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Venezuela Latin America Venezuela’s Quake Spared the Oil but Hit the Budget By Juan Martinez · June 26, 2026 · 5 min read Daily Brief The morning intel from across Latin America. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Markets Key Facts —The disaster. Twin quakes of magnitude 7.2 and 7.5 struck north-central Venezuela on June 24, the country’s strongest in over a century. —The toll. Officials have confirmed more than two hundred dead and over 1,500 injured, with the figures still rising. —The oil. Chevron, Eni, Repsol and Shell all reported their Venezuelan operations unaffected, the epicentre lying away from the main oil regions. —The damage.
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