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Venezuela is reportedly evaluating a potential exit from OPEC, following the United States' announcement that it would gain majority control over a significant portion of the country's oil assets.
Caracas is closely evaluating the possibility of withdrawing from OPEC after the United States announced it would acquire majority control of a significant portion of Venezuela's oil assets. This development comes just months after the UAE's exit from OPEC, potentially deepening internal divisions within the organization and adding more uncertainty to the crude oil market outlook.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Brent crude rose 2.4% to over $99 on Tuesday after Houthi rebels claimed attacks on targets in Saudi Arabia.
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Next: South Korea's KOSPI 200 valuation has fallen to the 1st percentile over the past decade. The KOSPI Composite Index broke above its 50-day moving average on September 8, supported by slowing foreign selling and a strengthening Korean Won.
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