Venezuela considers leaving OPEC+ amid talks with United States

Venezuela is seriously considering withdrawing from OPEC+, a move that would end its historic involvement with the organization dating back to its founding in 1960. The potential exit is being discussed amid ongoing negotiations between Venezuelan officials and United States representatives.

According to reports, the discussions aim to increase American presence and access to Venezuela’s vast petroleum resources. Proposals reportedly include long-term leases of oil fields that could extend up to 100 years. While the possibility of leaving the organization has been raised, no final decision has been made as negotiations continue.