VOICED : Venezuela busca nueva alianza en la OPEP

Venezuela is hopeful that a new alliance with OPEC will stabilize the global oil market. President Nicolás Maduro is working on an agreement with a major producer to achieve this goal. The aim is to stabilize oil prices around $100 per barrel in the medium term. This announcement came after Maduro's meeting with Qatar's Emir. The drop in oil prices has significantly reduced Venezuela's income, which relies heavily on crude exports. OPEC decided not to limit oil production, with countries like Saudi Arabia lowering prices to maintain market share.

What new insight or understanding did you gain from this video?