Venezuela is considering whether it should quit OPEC, according to people familiar with the matter, potentially delivering a fresh blow to the oil cartel it helped create more than six decades ago.
The idea of an exit has been a topic in conversations with U.S. officials, and no final decision has been made, said some of the people, who asked not to be identified discussing private information.
A decision to pull out of the Organization of the Petroleum Exporting Countries would underline the sweeping political realignment in Caracas since U.S. President Donald Trump ousted longtime Venezuelan leader Nicolas Maduro and took control of the nation’s oil sales.
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