Venezuela Considers OPEC Exit Amid Discussions with US on Oil Stake

Venezuela is reportedly considering withdrawing from OPEC, the oil cartel it helped establish over six decades ago. This development comes as U.S. and Venezuelan negotiators are discussing potential oil-sector deals, including a proposal for the U.S. to take a significant stake in Venezuela's oil fields, possibly through a 100-year lease. A decision to exit OPEC would mark a substantial political realignment in Caracas.

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