Brief
Venezuela’s oil recovery has lost momentum despite business-friendly reforms and higher global prices, according to Venezuelanalysis. OPEC secondary sources estimated August production at 1.145 million barrels per day, 23,000 barrels above July but consistent with a broader recent plateau. The outlet also reported that a Colombian businessman it describes as having Zionist links received a prime crude concession, although the supplied excerpt provides no details about the award or its terms.
The limited monthly gain suggests reforms and stronger prices have yet to unlock sustained production growth. Meanwhile, the reported concession could indicate greater private access to high-value crude assets, but absent contract details it also raises questions about allocation transparency, operating rights and investor protections.
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Oil And Gas · Venezuelanalysis
Sep 11, 2026
Watch the next OPEC production estimate to see whether output moves decisively above 1.145 million bpd, alongside any official disclosure from PDVSA or the government identifying the concession holder, asset, duration and commercial terms.