Saturday, April 19, 2014 3:31 PM EST

OPEC

The Organization of the Petroleum Exporting Countries is a cartel  of twelve countries made up of 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 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.

Headlines Around the Web

Iran threatens to trigger oil price war

Dec 04 - Financial Times

Articles About OPEC

Libya Adjourns Trial of ex-Gaddafi Officials and Sons
Libya Adjourns Trial of ex-Gaddafi Officials and Sons

By Reuters

Libya opened the trial of deposed leader Muammar Gaddafi's sons and dozens of his ex-officials on Monday in a test of its transition to democracy, but it was quickly adjourned as some of the investigations had not been completed. (Apr 15)

MORE TOPICS: HUMAN RIGHTS, COURT, LIBYA, NIGER, LAWYER

Libya threatens to bomb N.Korean tanker if it ships oil from rebel port
Libya Threatens to Bomb North Korean Tanker if it Ships Oil from Rebel Port

By Reuters

Libya threatened to bomb a North Korean-flagged tanker, if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth. (Mar 09)

MORE TOPICS: LIBYA

Venezuela Death Toll Rises to 13 as Protests Flare
Venezuela Death Toll Rises to 13 as Protests Flare

By Reuters

Anti-government demonstrators put up barricades and set fire to trash in Caracas on Monday despite calls from within the opposition to rein in protests that have led to 13 deaths in Venezuela's worst unrest for a decade. (Feb 25)

MORE TOPICS: CRUDE OIL, HUMAN RIGHTS, WHITE HOUSE

At Least Three Killed by Gunfire at Venezuela Protests
From Jail, Venezuela Protest Leader Urges Resistance

By Reuters

Venezuela's jailed protest leader urged supporters on Friday to keep demonstrating peacefully against President Nicolas Maduro despite violence that has killed at least six people and rocked the OPEC member nation. (Feb 22)

MORE TOPICS: BARACK OBAMA

World Powers and Iran Make "good start" Towards Nuclear Accord
World Powers and Iran Make "good start" Towards Nuclear Accord

By Reuters

Six world powers and Iran made a "good start" in talks in Vienna towards reaching a final settlement in the decade-old stand-off over Tehran's nuclear programme, but conceded their plan to get a deal in the coming months was very ambitious. (Feb 21)

MORE TOPICS: CHINA, GERMANY, ISRAEL, EUROPEAN UNION, UNITED NATIONS, RUSSIA

Iran, Powers hold 'Substantive' Nuclear Talks; U.S., Iranians Meet
Iran, Powers hold 'Substantive' Nuclear Talks; U.S., Iranians Meet

By Reuters

Six world powers and Iran began "substantive" talks on Tuesday in pursuit of a final settlement on Tehran's contested nuclear programme in the coming months despite caveats from both sides that a breakthrough deal may prove impossible. (Feb 19)

MORE TOPICS: CHINA, GERMANY, ISRAEL, NUCLEAR WEAPONS, RUSSIA, SETTLEMENT

At Least Three Killed by Gunfire at Venezuela Protests
Anti-Maduro Protests Persist in Venezuela, Dozens Jailed

By Reuters

President Nicolas Maduro's government kept dozens of student protesters behind bars on Friday as unrest still rumbled across Venezuela following this week's violence at political rallies that killed three. (Feb 15)

MORE TOPICS: TWITTER, EUROPEAN UNION, ARGENTINA, UKRAINE, CONGRESS

Crude Oil Futures Witness Mixed Trade in November
Brent Rises to $107 as Steepest Fall in 3 weeks Prompts Buying

By Reuters

Brent futures rose to $107 a barrel on Tuesday as the steepest fall in three weeks prompted fresh buying, with concerns of turmoil in emerging economies and a slowdown in China keeping the gains in check. (Jan 28)

MORE TOPICS: CHINA, FEDERAL RESERVE, IRAQ, UNITED ARAB EMIRATES, LIBYA, LONDON

Libya
Egyptian Diplomat Kidnapped in Libyan Capital

By Reuters

Unidentified gunmen kidnapped an Egyptian diplomat in the Libyan capital Tripoli on Friday, officials said, hours after a powerful Libyan militia reported the arrest of its leader in Egypt. (Jan 25)

MORE TOPICS: EGYPT, LIBYA

Global Oil Futures Jump after Strong US Data Fuels Hopes of Higher Oil Demand

By IBTimes UK

Lower US crude oil stockpiles lend further support to futures. (Dec 08)

MORE TOPICS: IRAQ, CRUDE OIL, RUSSIA, LIBYA