Venezuela Ponders Historic Exit from OPEC Amid Energy Shift

Venezuela is considering leaving the Organization of the Petroleum Exporting Countries (OPEC) after more than six decades, according to sources familiar with the matter. The oil cartel was formed in 1960 and has been a key player in global energy markets since then.

No final decision has been made yet, but discussions have taken place about Venezuela's potential exit from OPEC. The country is one of the founding members of the organization, which means it would be a significant move if they were to leave.