[Deepening Relations with the U.S., Venezuela Discusses Exiting OPEC] BlockBeats News, August 28, according to sources, Venezuela is seriously considering plans to exit OPEC. Discussions regarding the exit have already been held with U.S. officials, but no final decision has been made yet. Reportedly, some U.S. officials envision establishing an 'oil superpower' through a U.S.-Venezuela alliance, which would significantly weaken OPEC's influence. Another informed source stated that although Venezuela is currently not subject to OPEC production limits due to the sharp decline in its oil output in recent years, exempting the country from any potential future production quota restrictions would help maximize its long-term production capacity, thereby driving down oil prices. The U.S. would also be able to advance its plans for Venezuelan oil. (Bloomberg) [Original Link]