Venezuela weighs OPEC exit after decades as it deepens U.S. ties
The move would illustrate the sweeping political realignment in Caracas since U.S. President Donald Trump ousted leader Nicolas Maduro and took control of the nation's oil sales.
Venezuela is contemplating the possibility of leaving OPEC, sources close to the situation have revealed. This move could potentially deal another significant blow to the oil cartel that Venezuela has been a part of for over six decades. The notion of a departure has been discussed in conversations with U.S. officials, though no final decision has been made, according to those familiar with the matter, who preferred to remain anonymous due to the sensitive nature of the information.
If Venezuela were to exit OPEC, it would signify a major shift in the political landscape of Caracas, following the ousting of long-standing leader Nicolas Maduro by U.S. President Donald Trump and the subsequent assumption of control over the country's oil sales by the Trump administration.
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