Venezuela Considers Leaving OPEC as Ties With Washington Strengthen
Reports indicate that Caracas is weighing a potential withdrawal from OPEC after decades of membership, coinciding with a strategic pivot toward closer economic and diplomatic relations with the United States. The move could significantly alter global oil market dynamics.
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Venezuela Weighs OPEC Exit After Decades as It Deepens US Ties
Venezuela is closely examining plans to leave OPEC, according to people familiar with the matter, delivering a fresh blow to the oil cartel it helped create more than six decades ago.
By Ben Bartenstein, Mie Dahl and Mitchell Ferman
Read full article →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.
Read full article →Coverage Timeline
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