Skip to content
Search

Latest Stories

Hard Numbers

Hard numbers: Venezuela edition

Venezuelans living in Colombia hold flags as they gather at Plaza de Bolivar to celebrate after U.S. President Donald Trump said the U.S. has struckVenezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Bogota, Colombia, January 3, 2026.

Venezuelans living in Colombia hold flags as they gather at Plaza de Bolivar to celebrate after U.S. President Donald Trump said the U.S. has struckVenezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Bogota, Colombia, January 3, 2026.

REUTERS/Andres Galeano
Make us preferred on Google
303 billion: Venezuela is home to 303 billion barrels of oil reserves – the largest of any country, accounting for nearly a fifth of all proven reserves in the world. Proven reserves refers to oil that is known to exist and could be extracted with current technology.

36: Does history rhyme? Maybe not in general, but every so often there is a choice couplet: Maduro’s capture came 36 years to the day after the US arrested Panamanian president Manuel Noriega, a former CIA ally whose falling out with Washington led to his prosecution on drug charges. For more on that, see (and hear) Ian Bremmer’s explainer here.

26: The far-left Bolivarian Revolutionary Socialist movement, led first by Maduro’s charismatic predecessor Hugo Chávez, has held power in Venezuela for 26 years. Chávez won a (legitimate) election in 1998 and assumed power in 1999. Maduro took over after his death in 2013. As part of this morning’s operation to depose Maduro, the US reportedly conducted an airstrike on the mausoleum holding Chavez’s remains.

8 million: Since 2014, nearly 8 million Venezuelans – close to a third of the population – have fled economic crisis and political repression, making it one of the two largest refugee crises in the world, alongside Syria. Colombia alone has absorbed nearly 3 million. About 770,000 went to the United States.

More For You

Over a million migrants seek legal status in Spain
Farida Dowidar
Spain has taken a very different tack from other European countries toward migrants, with Sánchez welcoming them into the country and pledging to grant legal status to half a million undocumented migrants under a new program. However, the PM underestimated how many people would apply: his government had expected 750,000 applications. With [...]
Ebola’s economic side effects
Natalie Johnson
In addition to the health concerns from the Ebola outbreak, the UN is sounding the alarm on a potential development crisis in Africa sparked by the disease. The intergovernmental body warns that it could cost billions of dollars of the continent’s GDP, and that roughly 328,000 jobs stand to be lost if the disease spreads to countries like Rwanda [...]
The EU steels itself for tariffs
Farida Dowidar
The trade bloc is also reducing its quota of tariff-free steel imports, as trade tensions mount with Beijing. The EU’s goal is to reduce its near-$400 billion annual trade deficit with China. However, the move could hurt other steel exporters with whom the EU has solid relations, including the UK, Ukraine, and Japan. Brussels isn’t the first to [...]
Sri Lanka launches drones against… mosquitoes
Farida Dowidar
Sri Lanka is facing one of the worst outbreaks of the mosquito-borne dengue virus in years. Amid energy shortages sparked by the war in Iran, dengue cases are straining hospital resources. In a bid to eliminate mosquito breeding grounds, the Sri Lanka Air Force has launched drones to detect sites where the insects breed across the country’s [...]