OPEC & Venezuela
14 shared events · Importance 4 · Last updated Jan 05, 2026
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International
OPEC: The departure of the United Arab Emirates, one of its largest producers, significantly weakens OPEC's control over global oil supplies and prices, potentially leading to disarray and reduced influence in managing oil markets.
Venezuela: Venezuela was a founding member of OPEC.
Apr 28, 2026 · 222 articles
International
OPEC: The OPEC is affected by the United Arab Emirates' decision to quit the group, which will complicate efforts to balance the oil market through supply adjustments.
Venezuela: The International Monetary Fund and World Bank Group celebrated their re-engagement with Venezuela's acting government after a seven-year pause, amidst the broader economic discussions.
Apr 02, 2026 · 45 articles
International
OPEC: OPEC is losing its third-largest producer, United Arab Emirates, which will weaken its leverage over global oil supplies and prices.
Venezuela: Venezuela has been subject to naval blockades by the United States, a tactic President Donald Trump has also employed against Iran, highlighting a pattern of foreign policy.
Apr 22, 2026 · 43 articles
International
OPEC: OPEC, of which Iran is a member, could see reduced crude exports from Iran due to the United States blockade, although Iran may sustain production by storing oil.
Venezuela: Donald Trump criticized Pope Leo XVI for opposing the US attack on Venezuela.
Apr 08, 2026 · 307 articles
International
OPEC: OPEC+ agreed to a modest output increase of 206,000 bpd, which is insufficient to offset potential supply losses from the Strait of Hormuz closure.
Feb 28, 2026 · 35 articles
International
OPEC: Venezuela is a member of OPEC, and the United States' actions to control its oil flows could have implications for the group's dynamics.
Jan 07, 2026 · 6 articles
International
OPEC: Iran is the third largest producer in the OPEC, making the potential disruption of its oil exports significant for the global oil market.
Mar 27, 2026 · 44 articles
International
OPEC: OPEC data was cited to show Venezuela's low crude output in 2024, illustrating the decline of its oil industry due to underinvestment, sanctions, and embargoes.
Jan 09, 2026 · 6 articles
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