prime

Caracas, September 11, 2026 (venezuelanalysis.com) – Venezuela’s oil industry recovery has stagnated in recent months, notwithstanding pro-business reforms and rising global prices.

OPEC’s latest monthly report placed the Caribbean nation’s August production at 1.145 million barrels per day (bpd), up 23,000 bpd from the previous month, according to secondary sources.

Venezuelan state oil company PDVSA reported an August output of 1.201 million bpd, virtually unchanged from July. Direct and secondary measurements have differed over time due to disagreements over the inclusion of condensates and natural gas liquids.

The strong first-trimester recovery that followed Washington’s lifting of its naval blockade petered out by mid-year. Since May, output has grown by only 7 percent despite the acting Delcy Rodríguez government conducting a pro-investor overhaul of hydrocarbon legislation and signing deals with several multinational corporations.

Since the January 3 US military strikes and kidnapping of President Nicolás Maduro, the Trump White House has seized control over Venezuela’s energy sector. Venezuelan crude export revenues are currently deposited in a US Treasury account, an arrangement confirmed by PDVSA President Héctor Obregón, before US officials decide when and how much of the proceeds should be returned to Caracas.

Washington and Caracas recently announced a major oil deal that will further boost US access to Venezuelan hydrocarbons under favorable conditions. The acting Rodríguez government has granted long-term concessions of 17 prime oilfields, holding 65 billion barrels of proven reserves, to US-controlled NABEP, a company led by Venezuelan oil mogul Alejandro Betancourt.

The oilfields transferred to NABEP, several of which were previously run by joint ventures between PDVSA and Chinese partners, are split among extra-heavy-crude projects in the Orinoco Oil Belt and mature light- and medium-crude ones in the Lake Maracaibo basin. Production in the latter can be ramped up faster as Trump seeks to replenish the US strategic reserve.

After initially hailing the deal as “the biggest in history,” US officials have dampened expectations, lowering a US $100 billion investment pledge to “over $10 billion.” Caracas and Washington announced a 1.5 million bpd target, but NABEP disclosed to Bloomberg only a modest projected increase in the near future.

Venezuela’s loss of sovereignty over its flagship industry has prevented the country from reaping the benefits from surging global energy prices, with the Brent benchmark surpassing $100 per barrel for the first time in four months this week. The Trump administration has sought to leverage its long-term access to Venezuelan oil resources to minimize the fallout from the interrupted traffic through the Strait of Hormuz resulting from its war on Iran.

Since January, Trump officials have worked closely with the Rodríguez administration to grant decades-long energy concessions to Western corporate players and most recently local Latin American conglomerates such as Colombia’s Gilinski Group. 

On September 4, Acting President Rodríguez signed a 25-year deal granting a concession of the heavy crude Bare block to GeoPark, a company belonging to Gilinski. Previously operated by PDVSA, Bare was one of the most productive fields in the Orinoco Oil Belt, with output surpassing 100,000 barrels per day (bpd) in 2011.

At a ceremony in Caracas, Colombian banking mogul Jaime Gilinski thanked Rodríguez for the confidence in awarding a major oilfield to his conglomerate. GeoPark set an 85,000 bpd target and vowed to invest more than $300 million.

The Gilinski Group began in manufacturing before expanding into finance, purchasing multiple Colombian banks and later acquiring positions in other Latin American countries, the US, and Italy. Investigations have implicated the Gilinski Group in parallel banking and tax evasion, including being named in the 2021 Pandora Papers leak alongside other leading members of the Colombian elite. The conglomerate has also ventured into other sectors such as food and media, with Jaime Gilinski currently the richest man in Colombia according to Forbes.

Of Lithuanian-Jewish descent, the Gilinski family is additionally known for its close ties to Israel. Jaime Gilinski’s father, Isaac, served as ambassador to Tel Aviv in 2010-2013, and his sister, Tania, was recently appointed to the same post by Colombian President Abelardo de la Espriella. Jaime’s son, Gabriel, traveled to Tel Aviv in 2025, meeting Prime Minister Netanyahu and evaluating business opportunities between Israeli and Colombian firms.

Edited and with additional reporting by Lucas Koerner in Philadelphia, USA.

CAIRO: An Iraqi military commander was dismissed early on Saturday ‌after ‌investigations confirmed the ‌latest drone attacks targeting Saudi Arabia originated from Iraq, according to ‌a statement ‌by Iraq’s ‌prime ‌minister’s office.

The commander led operations ‌in Maysan province in southern Iraq, according to the statement.

Departed Labour Party leader now plans to focus on international affairs.

Former British Prime Minister Keir Starmer has announced he is to stand down as a member of parliament.

Starmer said on Tuesday that it was the “right time” to resign as the MP for the Holborn and St Pancras seat in London after 11 years, triggering a by-election. The announcement comes six weeks after his resignation as the United Kingdom’s premier, having lost the support of ruling Labour Party MPs.

“It is now time to step aside and focus on other issues: international affairs including defence, security, trade and technology in a fast-changing world,” Starmer wrote on social media.

As party leader, Starmer led Labour to a historic 2024 landslide after 14 years of Conservative rule. However, within two years, U-turns, cuts, a diplomatic scandal, pressure from the radical right-wing Reform UK, and the challenge of Andy Burnham – who became Britain’s seventh prime minister in a decade – eroded Starmer’s authority, and he was forced out.

Starmer had previously said he would remain ‌as a lawmaker until the next general election. But he told the Camden New Journal, a local newspaper in his North London constituency, that he had changed his mind and intended to leave UK Parliament after 11 years, six of those as leader of the party.

The newspaper did not give a timeframe for when an election would be held for ⁠Starmer’s seat in the constituency of Holborn and St ⁠Pancras.

Despite his dwindling popularity at home, foreign affairs were seen by some as Starmer’s strength, particularly for the strong relationships he formed with EU leaders in the wake of Brexit, especially French President Emmanuel ⁠Macron, with whom he established the so-called Coalition of the Willing in support of Ukraine.

Starmer comfortably kept his seat in the 2024 election with a majority of over 11,500 votes, though Andrew Feinstein, an independent candidate who campaigned primarily around his opposition to Israel’s genocidal war in Gaza and Labour’s support for it, took nearly 19 percent of ballots.

Burnham’s accession has led to ‌a ‌bounce in the polls for Labour, though he faces tougher challenges ahead, with Parliament resuming on Tuesday.

The ITV reality star was shown falling from a horse while riding in Meet the Owens.

Former Love Island star Gemma Owen’s horror horse riding accident has been aired in her new show Meet the Owens on Prime Video. The six-part programme follows former England footballer-turned-horse breeder Michael Owen and his family, including his feisty eldest daughter Gemma.

In a harrowing episode on the show, Gemma, 23 is shown falling from a horse and appearing to hit a railing while she is training to compete in the charity race the Magnolia Cup. Gemma, who represented Team GB in Dressage at youth and junior levels, is an experienced horse rider and the fall came as a shock to her family.

Luckily, Gemma escaped the fall without any broken bones, however she did get whiplash and sustained cuts to her face, as well as being covered in bruises. Gemma was riding her father’s horse He’s A Gentleman when she suffered the accident, after the horse appeared to bolt.

Audiences were shown images of Gemma’s huge bruises and she could be seen sporting a cut on the left side of her face, near her chin. The accident came six days before she was due to compete.

Speaking about the incident, her father Michael, 46, said Gemma was “tough as nails” and got back on a horse the day after. Meet the Owens then showed Gemma competing in the Magnolia Cup, despite being hardly able to move her neck.

Despite the accident, Gemma ended up coming fourth in the race after being initially stuck in 12th position when she was boxed in early on in the race. Michael later commented in a VT: “She came fourth but it’s just the start” as he knew Gemma would be gearing up to race another day in the future.

Reflecting on the fourth-place position, Gemma said she was “beyond gutted” and confirmed she would be doing it again, saying, “because I need to b****y win!” She also conceded that her father Michael had been right when he’d encouraged her to try horse racing.

She’s initially been skeptical about becoming a jockey, but over the course of training Gemma realised that this was what she wanted to do. Gemma was previously a contestant on season eight of Love Island back in 2022 and was a runner-up in the dating series.

Along with focusing on Gemma, Meet the Owens also delves into Michael and his wife Louise’s sweet marriage after the pair grew up together and attended the same primary school. They also touched on a tough point in their marriage during Michael’s move to Real Madrid, which had left new mother Louise isolated and without a support network.

Get Amazon’s Prime Video free for a month

This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more

£8.99

£0

Amazon

Get Prime Video here

TV lovers can get 30 days’ free access to tantalising TV like The Boys, Reacher and Clarkson’s Farm by signing up to Amazon Prime. Just remember to cancel at the end and you won’t be charged.

Michael’s only son, James, and his degenerative eye condition are also spotlighted in another episode. James was born with the genetic condition Stargardt disease, which means he is clinically blind.

Despite this, James showed his ambitions to become part of Michael’s family business, Manor House Stables and help to get potential investors on board. At one point, Michael and James even went to Bahrain together in the hopes of securing some more potential buyers and money for the stables.

Meet the Owens is streaming on Prime Video now

Peter Cullen, the voice actor whose regal timbre as the heroic Optimus Prime in the “Transformers” franchise and deep tone as the gloomy Eeyore in “Winnie the Pooh” projects who was beloved by generations, has died. He was 85.

Cullen died Wednesday in his Los Angeles home, his agent Kevin Motley confirmed to The Times on Thursday. A cause of death was not given.

He “passed away peacefully, surrounded by his loving family — and held in the hearts of his many friends and countless fans worldwide,” his family said in a statement. They ask “that you honor his remarkable legacy by serving your communities and leading others with compassion, integrity, and loyalty and always remember ‘be strong enough to be gentle.’ ”

A prolific voice actor whose work spanned television shows, movies, video games and even theme park rides, Cullen amassed more than 200 credits over his career. This includes the eponymous giant ape in the 1976 remake of “King Kong,” the villainous vehicle KARR (Knight Automated Roving Robot) in the “Knight Rider” TV series and the clicks and trills of the deadly alien hunter in the original “Predator” film.

But Cullen is best known for his work in animation and children’s cartoons in the 1980s and ‘90s.

His signature role was Optimus Prime, the leader of a heroic faction of sentient alien robots known as Autobots who battle the villainous Decepticons in the “Transformers” franchise. Cullen often spoke about how his voice for the leader — who transforms into a truck — was inspired by his older brother, Larry, a Marine who had served in Vietnam.

On the day of his “Transformers” audition, Cullen had mentioned to Larry, his roommate at the time, that he was on his way to try out to be the voice of “a hero truck.”

Larry responded, “Well, if you’re gonna be a hero, be a real hero. Don’t be a jerk … Be strong enough to be gentle. Be understanding. Be compassionate, and be able to kick ass — in a good way,” Cullen previously told The Times.

“He said it in a voice that was subdued and calm,” Cullen continued. “He’s 13 months older and 6 inches taller. Made of steel. He was my hero. [His words] weighed heavily on me. So I’m at the audition reading the breakdown of the character and what I have to say in the audition. I can just feel Larry’s words coming out of my mouth. So, I took his sound — my first words were, ‘My name is Optimus Prime.’ ”

“Transformers” voice actors Peter Cullen, left, and Frank Welker at the 2024 Comic-Con Fan Expo in Rosemont, Ill.

(Rob Grabowski / Invision/Associated Press)

Cullen originated the role in the 1980s animated “Transformers” series, referred to by fans as “G1” or “Generation 1.” The era also includes the big-screen “The Transformers: The Movie” (1986), which featured the beloved character’s controversial death, but the character eventually returned after fan outcry.

When “Transformers” jumped to live action in Michael Bay’s 2007 film, Cullen was once again tapped to voice Optimus Prime. He continued through the follow-up films, including “Revenge of the Fallen” (2009), “Dark of the Moon” (2011), “Age of Extinction” (2014) and “The Last Knight” (2017), as well as the 2018 prequel “Bumblebee” and “Transformers: Rise of the Beasts” (2023).

He told NPR that returning to play Optimus Prime in these films was “like slipping into an old pair of shoes that you hid in the back of your closet.”

Cullen was nominated for a Daytime Emmy for his work as Optimus Prime in the TV series “Transformers: Prime” in 2011 and won a Lifetime Achievement Award at the Children’s and Family Emmy Awards in 2023.

Peter Claver Cullen was born on July 28, 1941, in Montreal, to American parents Henry and Muriel Cullen. One of four children, he graduated from the National Theatre School of Canada in 1963. He later did Shakespeare for a summer in Stratford, Ontario, before working for a year at the Crest Theatre in Toronto as a member of the repertory company, according to the Hollywood Reporter.

He told NPR he discovered his talent for doing different voices while working on a farm as a child and imitating animals.

Besides Optimus Prime, one of Cullen’s favorite roles was Eeyore, the endearing but pessimistic donkey from “Winnie the Pooh.” Cullen first voiced the character in “The New Adventures of Winnie the Pooh” series, which aired from 1988–1991. He continued his work as Eeyore through numerous franchise installments, including “The Tigger Movie” (2000), “Piglet’s Big Movie” (2003) and “The Book of Pooh” series.

“I enjoyed doing Eeyore because he was simply charming,” Cullen said to NPR. “And I get an awful lot of reactions from, especially, young kids, when I go up and just say [in Eeyore’s voice], ‘Hello. Thanks for noticing me.’ And to see their faces light up, that to me is one of the great joys.”

Cullen is survived by his four children, Angus, Claire, Pilar and Clay, according to the Associated Press.

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani is due to visit Tehran on Thursday for talks on de-escalating tensions and reviving dialogue between Iran and the United States.

A spokesman for Qatar’s Ministry of Foreign Affairs announced the visit in a statement on X on Wednesday.

Majed al-Ansari said Sheikh Mohammed, who is also Qatar’s foreign minister, will meet with “a number of Iranian officials” in Tehran to “discuss ways to de-escalate tensions” and “create the conditions conducive to dialogue”.

“The visit comes in line with the State of Qatar’s firm position that the diplomatic path is the best means of resolving differences & promoting security & stability in the region,” he added.

Iran also confirmed the visit, saying the discussions will cover “the continuation of Qatar’s mediation efforts and initiatives, as well as other regional developments”.

Qatar has served as a back-channel negotiator between Washington and Tehran and helped secure a memorandum of understanding in June that briefly paused hostilities. The agreement collapsed in July, and the conflict is now nearing its sixth month, with fighting largely paused but no diplomatic breakthrough in sight.

The US has, meanwhile, promised to increase economic pressure on Tehran by sanctioning its trade partners.

US President Donald Trump told Al Jazeera on Wednesday that he was in “no hurry” to resume talks with Iran, saying that he believed economic and military action against Tehran were both effective.

“I have no time schedule; whatever it takes,” he said.

‘Economic terrorism’

Iran has continued to denounce the economic pressure campaign.

Foreign Minister Abbas Araghchi wrote to the United Nations on Wednesday calling the new sanctions an “act of state and economic terrorism” and urging member states not to implement them.

“The sanctions deliberately harm civilians by restricting access to food, medicine, medical equipment, energy and other essentials, violating rights including the rights to life, health, food and an adequate standard of living”, he said.

The two sides also remain at odds over the Strait of Hormuz, the strategic waterway that handled one-fifth of global oil and liquefied natural gas shipments before the US-Israel war on Iran began in February.

Iran wants control over the strait, while the US wants it to remain an international waterway that is free for all. That disagreement in part led to the collapse of the memorandum signed in June.

Oil flows through the strait have since fallen to a three-month low, with just 5 million barrels per day (bpd) transiting on Monday. Before the war, the strait carried roughly 20 million bpd of crude oil.

Qatar’s Foreign Ministry said Sheikh Mohammed will also discuss the waterway in his meetings in Tehran on Thursday, focusing on “the need for it to return to the status quo prior to February 28”.

Regional diplomacy

Sheikh Mohammed’s visit comes two days after Omani Foreign Minister Badr Albusaidi met his Iranian counterpart, Araghchi, in Tehran.

Following those talks, Iran’s deputy foreign minister, Kazem Gharibabadi, said the two countries had agreed on a new temporary route for shipping in the strait.

But he insisted that the waterway will not reopen until the US fulfils its commitments under the June deal, including the lifting of sanctions and the release of frozen assets.

Pakistan’s army chief, Asim Munir, also visited Tehran earlier in the week in a bid to “end the stalemate” in the conflict, with Islamabad reporting “significant progress” in those talks.

Mostafa Khoshcheshm, a professor at the University of Applied Sciences in Tehran, said that regional countries were pushing for dialogue because “they believe that the situation is moving towards escalation”.

“They know that if war breaks out, it would be a fully-fledged war and the fire would spill over into the entire region and beyond, leaving a detrimental impact on the global economy,” he said. “So there are hectic diplomatic moves on the part of these countries.”