Venezuela Considers Leaving OPEC Amid Shifting Alliances
By Editor • August 28, 2026 • 1 min read
Venezuela is contemplating a potential exit from OPEC, a significant move for a nation that was instrumental in establishing the oil cartel over sixty years ago.
Discussions about this exit have reportedly taken place with U.S. officials, though no formal decision has yet been reached. A spokesperson from the White House declined to comment, and Venezuela's Information Ministry has not responded to inquiries.
This development highlights the ongoing political changes in Venezuela since the U.S. imposed sanctions and took control of its oil sales following the ousting of former leader Nicolas Maduro.
Source: www.japantimes.co.jp
