Friday, August 28, 2026
Venezuela weighs OPEC exit as producer group faces growing fragmentation- oil and gas 360

Venezuela weighs OPEC exit as producer group faces growing fragmentation

(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

UAE exit shakes OPEC’s grip on oil markets- oil and gas 360

UAE exit shakes OPEC’s grip on oil markets

(By Oil & Gas 360) – The United Arab Emirates stepping away from OPEC and the broader OPEC+ framework would mark one of the most consequential shifts in oil market governance in decades. For a group that has long relied on cohesion, quota discipline, and the political alignment of its core Gulf members, the loss of a major, technically capable