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  • 7 weeks ago
Venezuela is considering leaving OPEC as it deepens energy ties with Washington, including talks that could give the U.S. a major stake in the country's oil fields.

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00:00Venezuela is considering leaving OPEC in a move that could deal another setback to the oil group it helped establish.
00:07According to a Bloomberg report, the possibility has been discussed with US officials, although no final decision has been made.
00:15A withdrawal would reflect Caracas' political realignment since US President Donald Trump removed Nicolas Maduro and took control of Venezuelan
00:23oil sales.
00:24Washington's growing influence is also reflected in talks over a major US stake in Venezuela's oil sector, including a proposed
00:32100-year lease on several oil fields.
00:35Venezuela was once a major OPEC producer, but years of US sanctions and domestic instability have severely weakened its petroleum
00:43industry.
00:44A Venezuelan withdrawal would deliver another blow to OPEC after the United Arab Emirates announced four months ago that it
00:51would leave the group.
00:54Amen.
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