๐Ÿ‡ป๐Ÿ‡ช Venezuela seriously weighing OPEC exit โ€” Bloomberg Caracas has discussed the idea with US official

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๐Ÿ‡ป๐Ÿ‡ช Venezuela seriously weighing OPEC exit โ€” Bloomberg

Caracas has discussed the idea with US officials, though no final decision has been made yet, Bloomberg reports, citing sources familiar with the matter.

A Venezuelan exit could open the door to a bigger presence for foreign oil companies in the country โ€” mainly American ones.

Venezuela was a founding member of OPEC over 60 years ago. If it goes through, it'd be the second exit from the group in months โ€” the UAE left OPEC+ back in May.

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