28.08.2026, 10:39
Bloomberg announced the possible withdrawal of Venezuela from OPEC
Source: OREANDA-NEWS
OREANDA-NEWS Venezuela is exploring the possibility of exiting OPEC, Bloomberg reported, citing sources familiar with the situation.
"The idea of withdrawal was discussed during negotiations with American officials, and a final decision has not yet been made," the report says.
OPEC was established on September 14, 1960 in Baghdad by five states: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. At the moment, the organization consists of 12 oil-producing countries. Earlier, the UAE, which produces about 3-3.5 million barrels of oil per day, announced its withdrawal from OPEC and the OPEC+ agreement on May 1.
"The idea of withdrawal was discussed during negotiations with American officials, and a final decision has not yet been made," the report says.
OPEC was established on September 14, 1960 in Baghdad by five states: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. At the moment, the organization consists of 12 oil-producing countries. Earlier, the UAE, which produces about 3-3.5 million barrels of oil per day, announced its withdrawal from OPEC and the OPEC+ agreement on May 1.
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