Market Intelligence
A senior commodity analyst has indicated that Venezuela's withdrawal from the Organisation of the Petroleum Exporting Countries is probable over the long term, though not in the immediate future.
Illustrative imageAccording to Homayoun Falakshahi, a Senior Commodity Analyst at Kpler, Venezuela's departure from the OPEC cartel is considered 'structurally likely'. This assessment was provided in a recent market update.
Falakshahi clarified that while such a move is anticipated in terms of underlying conditions, it is not expected to happen imminently.
Rigzone reported this analytical insight.
Source & attribution
This report is an original editorial summary based on reporting published by Rigzone.
Original article: Venezuela OPEC Exit 'Structurally Likely'
Source reliability score: 85/100. RefineriesDigest has not independently verified every operational detail described by the original publisher.
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