Market talk: Venezuela has little short-term incentive to quit OPEC
Kpler’s Homayoun Falakshahi says Venezuela’s output remains well below historical levels and there is no immediate OPEC growth constraint, leaving little commercial upside to leaving the cartel short term.
With its output still well below historical levels and no immediate OPEC constraint on growth, Venezuela would have little to gain commercially from leaving the cartel in the short term, Kpler's Homayoun Falakshahi says.
Production has risen from roughly 700,000 barrels a day in January to around 1…