Possibility of Venezuela Leaving OPEC Evaluated in US Talks
During contacts between the Caracas administration and Washington, the option of ending the country's membership in the oil organization was put on the table.
It has been reported that Venezuela evaluated the option of leaving the Organization of the Petroleum Exporting Countries in talks held with US officials.
Possibility of Separation in OPEC Membership
It has been claimed that Venezuela is evaluating the option of whether or not to leave the Organization of the Petroleum Exporting Countries. According to sources speaking to Bloomberg, the possibility of leaving OPEC came up during talks held with US officials, but no finalized decision has been made yet.
Reflections of Political Transformation
This potential departure is considered an indicator of the political transformation experienced in Caracas following US President Donald Trump's overthrow of Nicolas Maduro and taking control of Venezuela's oil sales.
Other Options on the Table in Talks
Various options, such as shares in oil fields and leasing certain oil fields for 100 years, are also being discussed in contacts between Washington and Caracas.
Developments in the Global Oil Market
Meanwhile, Goldman Sachs stated that oil exports from the Persian Gulf have recovered to about two-thirds of pre-war levels.