Venezuela Weighs Leaving OPEC, the Group It Helped Found in 1960
4 Articles
4 Articles
Venezuela Weighs Leaving OPEC, the Group It Helped Found in 1960
Bloomberg says Venezuela is examining plans to quit the oil producers' group it helped found in 1960. No decision has been taken, and the report rests entirely on unnamed sources. The post Venezuela Weighs Leaving OPEC, the Group It Helped Found in 1960 appeared first on The Rio Times.
Venezuela is considering withdrawing from the OPEC oil cartel, insiders told Bloomberg. The possible departure has been the subject of talks with US officials. A final decision has not yet been made.
With this move, the United States would undermine the power of the oil cartel.
It is the relationship with the United States that is probably the reason.
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