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Trump on possible Venezuela departure from OPEC: 'It's up to them'
U.S. President Donald Trump stated that it is up to Venezuela to decide whether to leave OPEC after the UAE's recent withdrawal.
The U.S. has maintained strict oversight of Venezuela's oil industry since U.S. forces captured then-President Nicolas Maduro in January.
The U.S. and Venezuela signed an oil supply deal that boosted Venezuela's crude exports to the U.S., including a deal giving the U.S. partial control of 17 large Venezuelan oilfields with significant reserves.
Trump announced that ExxonMobil and Chevron are among the companies committed to investing in Venezuela as part of the oil deal.