US and Venezuela Weigh Historic Oil Deal Amid Opec Exit Plans

Venezuela is considering leaving Opec as US officials discuss taking a stake in its oil fields, delivering another blow to the cartel.

The country's potential exit has been discussed with US officials and no final decision has been made, according to people familiar with the matter.

A White House spokesperson had no immediate comment, and Venezuela's Information Ministry didn't respond to requests for comment.

Venezuela was one of the founding members of Opec in 1960 and its exit would highlight the cartel's decline in influence over global oil markets.