Report: Venezuela Deepens Ties with US, Considers Exit from OPEC After Decades of Membership

Venezuela is considering leaving OPEC, while the US and Venezuela are in talks over Washington acquiring substantial equity stakes in its oil fields, or even century-long leases. If such a plan materializes, it would mark the country's full pivot toward Washington. Venezuela's exit would further weaken OPEC's cohesion and pricing influence, accelerating the organization's decline.