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Trump on possible Venezuela departure from OPEC: 'It's up to them'

  • U.S. President Donald Trump stated that it is up to Venezuela to decide whether to leave OPEC after the UAE's recent withdrawal.
  • The U.S. has maintained strict oversight of Venezuela's oil industry since U.S. forces captured then-President Nicolas Maduro in January.
  • The U.S. and Venezuela signed an oil supply deal that boosted Venezuela's crude exports to the U.S., including a deal giving the U.S. partial control of 17 large Venezuelan oilfields with significant reserves.
  • Trump announced that ExxonMobil and Chevron are among the companies committed to investing in Venezuela as part of the oil deal.
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Bias Distribution

  • 60% of the sources lean Right
60% Right

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Market Screener broke the news in Annecy, France on Monday, August 31, 2026.
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