The Venezuelan Executive weighs the possibility of taking the country out of OPEC (Organization of the Petroleum Exporting Countries), a decision that would imply the first withdrawal of one of the five founding partners and would add to the exit of the United Arab Emirates last May.
According to what "Bloomberg" has revealed citing knowledgeable sources of the conversations, this option has already been discussed among Venezuelan authorities and the United States. However, for now, no conclusive resolution has been adopted.
An eventual break with OPEC would evidence the political shift experienced in Caracas since Donald Trump overthrew Nicolás Maduro in January. Since then, Washington supports his successor, Delcy Rodríguez, and oversees the marketing of Venezuelan crude in international markets.
The exit of Venezuela would not have a significant impact on the global market due to the limited volume of its oil production. In July, crude pumping rose to 1.16 million barrels per day, although it is still less than half of what was extracted ten years ago and far below the more than three million at the beginning of the century.