OPEC Member Countries and Latest News
| List of OPEC member countries and the latest OPEC member countries news.
OPEC Member Countries and Latest News
At the end of 2008, OPEC nations possessed about three quarters of the world's proven crude oil reserves. Membership to OPEC is open to any country that is a substantial exporter of oil and that shares the views of the organisation. |
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OPEC is a organisation of twelve member countries - Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
OPEC has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers of its Member Countries. Indonesia withdrew its membership in OPEC in 2008 after it became a net importer of oil, but stated it would likely return if it became a net exporter in the world again.
Latest OPEC Member Countries News
News from OPEC member countries can affect global oil prices, hence keeping up to date with OPEC member news will help when predicting future oil prices. OPEC Members
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