Venezuela Considers Leaving OPEC in Blow to Oil Cartel

Venezuela is reportedly considering quitting OPEC, a potential new challenge to the oil cartel it helped establish. While no decision or timing is confirmed, the prospect of a new member exiting raises the risk of tighter/looser supply dynamics and could weigh on the cartel’s ability to manage production. Net effect: modestly negative for OPEC’s positioning, with likely implications for oil market expectations.