Monday, November 24, 2014 4:15 AM 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

Wary OPEC comes to terms with shale gale

Nov 08, 2013 - Financial Post

Articles About OPEC

Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected
Australian Stock Market Report –Afternoon November 19, 2014

By Comsec

The ASX 200 continued to lose ground over the course of the afternoon. While the market finished around session lows, the more discouraging aspect of the session was the index breaking down through the 5400 level. (Nov 19)

MORE TOPICS: CRUDE OIL, TWITTER, FACEBOOK, AUSTRALIA, QANTAS

Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected
Australian Stock Market Report – Midday November 7, 2014

By Comsec

Local shares started the last session of the week on the front foot following encouraging gains for US and European markets over night. The ASX opened with a small loss, down 6 points before trading with a gain of 33 points at the best levels of the morning. (Nov 07)

MORE TOPICS: UNEMPLOYMENT, FTSE, CRUDE OIL, TWITTER, FACEBOOK, EUROPEAN CENTRAL BANK

IRAQ Security
Stocks Wobble as Gulf War Looms

By IBTimes AU

Local and global stocks are wobbling in the market on oil price hike (Jun 13)

MORE TOPICS: BARACK OBAMA, IRAQ, BNP PARIBAS, CRUDE OIL, AUSTRALIA, TONY ABBOTT

Australian Stock Market Report – Midday June 11, 2014

By Comsec

The Australian market is under pressure at lunch, wiping out yesterday's modest gains. The All Ordinaries Index (XAO) is down 0.3 per cent, with weakness from the miners, industrials and energy stocks most substantial. (Jun 11)

MORE TOPICS: UNEMPLOYMENT, TWITTER, FACEBOOK, AUSTRALIA, RETAIL, RIO TINTO

Clashes Flare after Venezuela Student Camps Raided, 1 dead
Clashes Flare after Venezuela Student Camps Raided, 1 dead

By Reuters

Venezuelan troops on Thursday rounded up hundreds of youth activists and dismantled camps set up to protest against President Nicolas Maduro, and a policeman was shot dead in the demonstrations and clashes that ensued around Caracas. (May 09)

Libya says Jordan to handover jailed Islamist to get kidnapped ambassador
Libya says Jordan to Handover Jailed Islamist to Get Kidnapped Ambassador

By Reuters

Jordan has agreed to handover a Libyan Islamist to Tripoli to secure the release of its ambassador kidnapped in the North African country two weeks ago, Libya's state news agency LANA said on Monday. (Apr 29)

MORE TOPICS: AL-QAEDA, LIBYA, TUNISIA

Protesters Fight Police, Burn Maduro Puppets in Venezuela
Protesters Fight Police, Burn Maduro Puppets in Venezuela

By Reuters

Masked youths battled police, protesters burned and hung from lamp-posts effigies of President Nicolas Maduro and marchers demanded the "resurrection" of democracy on a volatile Easter Sunday in Venezuela. (Apr 21)

MORE TOPICS: TWITTER, ADVERTISING

Al Qaeda Kills 14 Algerian Soldiers in Ambush (Representational Image)
Al Qaeda Kills 14 Algerian Soldiers in Ambush

By Reuters

Islamist militants killed at least 14 Algerian soldiers in an ambush in mountains east of the capital Algiers at the weekend in one of the deadliest attacks on the military in years. (Apr 21)

MORE TOPICS: AL-QAEDA, AFGHANISTAN, ELECTIONS, LIBYA, ALGERIA

African militants (representational photo, Reuters file)
Militants Kill 11 Algerian Soldiers in Ambush

By Reuters

Islamic militants killed at least 11 Algerian soldiers in an ambush on a patrol in mountains east of the capital Algiers, a security source said on Sunday, in one of the deadliest attacks on the military in years. (Apr 21)

MORE TOPICS: AL-QAEDA, ELECTIONS, LIBYA, ALGERIA, AGING

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