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Venezuela Weighs OPEC Exit After Decades as It Deepens US Ties

Source: Bloomberg

Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain

Venezuela is reportedly examining plans to leave OPEC, a fresh political hit to the cartel it helped create over six decades ago. The move raises uncertainty around OPEC cohesion and future crude supply coordination, which can pressure oil prices through expectations for production policy shifts.

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