The media reported on the possible withdrawal of Venezuela from OPEC amid negotiations with the United States

Venezuela is considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) amid negotiations with the United States on the future of the country's oil sector. This was reported by Bloomberg on August 27, citing sources.

"The idea of an exit was discussed during negotiations with American officials, and a final decision has not yet been made," sources familiar with the situation said.

According to the agency's interlocutors, a possible exit from OPEC will be one of the signs of serious changes in Caracas' policy. At the same time, the United States and Venezuela are discussing the possibility of American companies participating in the country's oil projects, including obtaining a large stake in the fields.

Sources claim that the parties are considering various options for cooperation, including long-term lease of individual oil fields.

As noted by the publication, Venezuela's potential withdrawal from the oil cartel is unlikely to have a significant immediate impact on global oil markets. In addition, Venezuela's exit may increase doubts about whether OPEC will be able to continue to remain united and influence oil prices.

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The future of the alliance is in doubt

The Reuters news agency reported on August 25 that Baghdad may terminate its membership in OPEC if it does not raise Iraq's oil production quota. At the same time, it was noted that Baghdad's current plan is to remain an OPEC member and seek an increase in the oil quota.