Venezuela weighs OPEC exit as producer group faces growing fragmentation
August 28, 2026
(World Oil) – OPEC’s decades-long influence over global oil markets is facing renewed pressure as founding member Venezuela considers leaving the producer group, just months after the United Arab Emirates withdrew. Officials from Caracas are deliberating whether to leave the organization it helped establish more than six decades ago as Venezuela moves closer to the U.S. While an exit would have
