U.S. Control Over Venezuelan Oil Raises Questions About OPEC Future

President Donald Trump expressed uncertainty about Venezuela's future in OPEC, given U.S. control over its oil supply. While benefiting Venezuela, this situation may not align with U.S. interests. Trump's administration aims to manage Venezuelan oil indefinitely, raising potential conflicts with OPEC production policies.

President Donald Trump stated on Wednesday his belief that Venezuela's continued membership in OPEC might benefit the nation, though he expressed uncertainty about its advantage for the United States.

During a Reuters interview, Trump avoided direct commitment to Venezuela's presence in the oil organization, leaving open questions about future U.S. policy moves.

Amidst recent U.S. efforts to control Venezuelan oil supply, concerns grow regarding compatibility with OPEC's collective production strategies, potentially setting up conflicts over output limits.

(With inputs from agencies.)