Tuesday, July 29, 2014 8:48 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

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

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