Venezuela Reaffirms Commitment to OPEC+ and Global Energy Stability at Russia 2025

Venezuela, represented by Delcy Rodríguez, reaffirmed its commitment to OPEC+ and global energy stability during discussions in Russia, emphasizing the importance of maintaining market equilibrium.

On October 15, 2023, in Caracas, Delcy Rodríguez reiterated Venezuelas dedication to OPEC+ during a meeting aimed at ensuring energy market stability and price equilibrium.
Delcy Rodríguez highlighted Venezuelas role as a fervent supporter of OPEC+ agreements, crucial for balancing the global energy landscape amid fluctuating petroleum prices.
The discussions in Russia reflect Venezuelas strategic alignment with OPEC+ as it navigates economic pressures, particularly from the United States, affecting its oil exports.

Why It Matters

This commitment from Venezuela is vital as it underscores the nations influence within OPEC+ and its efforts to stabilize global energy markets, especially in the face of challenges posed by the United States.