Find out about the Organization of the Petroleum Exporting Countries (OPEC) meeting and announcement – including why it’s important for traders and its effect on global oil prices.
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Why do OPEC countries agree to oil quotas?
What happened in the last OPEC meeting?
|Country||Years of membership|
|Algeria||1969 – present|
|Angola||2007 – present|
|Ecuador||1973 – 1992, 2007 – present|
|Equatorial Guinea||2017 – present|
|Gabon||1975 – 1995, 2016 – present|
|Iran||1960 – present|
|Iraq||1960 – present|
|Kuwait||1960 – present|
|Libya||1962 – present|
|Nigeria||1971 – present|
|Qatar||1961 – present|
|Saudi Arabia||1960 – present|
|United Arab Emirates||1967 – present|
|Venezuela||1960 – present|
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