Venezuela is discussing withdrawal from OPEC with a view to deepening relations with the United States

According to Bloomberg, Venezuela is discussing plans with United States officials to withdraw from OPEC, and no final decision has yet been taken. United States officials envisage the establishment of an oil power through an alliance between the United States and Venezuela to weaken OPEC influence. Venezuela was not currently subject to OPEC production restrictions, and its withdrawal would exempt it from future production quotas, thereby increasing production and lowering oil prices, and the United States would pursue its oil-related programme。