Venezuela is considering leaving OPEC, the oil cartel it helped found in 1960, according to people familiar with the matter. No final decision has been made, but the option has been discussed with U.S. officials, who envision a U.S.-Venezuela alliance that would diminish OPEC's influence. ING analysts noted that an exit would reduce OPEC's sway but the group still holds a large market share, especially with OPEC+. Separately, the Trump administration is in talks with Venezuela about taking an ownership stake in its oil fields, including a potential 100-year lease on several fields.
Schlumberger NVPotential U.S.-Venezuela oil alliance and ownership stake could increase Schlumberger's access to Venezuelan oil fields.
