Trump on possible Venezuela departure from OPEC: 'It's up to them'
- U.S. President Donald Trump stated that it is up to Venezuela to decide whether to leave OPEC after the UAE's recent withdrawal.
- The U.S. has maintained strict oversight of Venezuela's oil industry since U.S. forces captured then-President Nicolas Maduro in January.
- The U.S. and Venezuela signed an oil supply deal that boosted Venezuela's crude exports to the U.S., including a deal giving the U.S. partial control of 17 large Venezuelan oilfields with significant reserves.
- Trump announced that ExxonMobil and Chevron are among the companies committed to investing in Venezuela as part of the oil deal.
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23 Articles
The Economic Times
Times of India'Its oil is headed to US refineries': Trump answers question on Venezuela’s possible OPEC exit - The Economic Times Video
US President Donald Trump said on August 31 that it's up to Venezuela to decide whether it should leave the Organization of the Petroleum Exporting Countries (OPEC). "Well, I don't know. That's up to them. I mean, that's going to be up to them," Trump told reporters days after the US and Venezuela struck a deal granting Washington partial control of the South American country's oil reserves.
The future of OPEC. Trump's sensitive blow through Venezuela
The future of OPECTrump's sensitive blow through VenezuelaSpeculation about the future of the Organization of the Petroleum Exporting Countries, or simply OPEC, has subsided since Trump's announcement of a deal with Venezuela. There has been...
Trump on possible Venezuela departure from OPEC: 'It's up to them'
U.S. President Donald Trump said on Monday that it is up to Venezuela to decide whether it should leave the Organization of the Petroleum Exporting Countries (OPEC), of which it has been part for more than 60 years.
Trump reiterated that he has a great relationship with Venezuela and that in a sense, they form a team
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