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OPEC

OPEC

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About OPEC

Wikipedia

The Organization of Petroleum Exporting Countries (OPEC) 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. The organization has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers... Full Article

Related Photos

Iran's Minister of Petroleum and President of the Conference Rostam Ghasemi listens to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The Organization of...
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  1. Iran's Minister of Petroleum and President of the Conference Rostam Ghasemi listens to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The Organization of... AP Photo logo AP Photo 2 months ago

    Iran's Minister of Petroleum and President of the Conference Rostam Ghasemi listens to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The Organization of...

    View Photo »
  2. FILE - The Dec. 14, 2011 file photo shows a general view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria. OPEC says in its monthley report Monday, Jan. 16, 2012, estimates that world demand for crude... AP Photo logo AP Photo 2 months ago

    FILE - The Dec. 14, 2011 file photo shows a general view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria. OPEC says in its monthley report Monday, Jan. 16, 2012, estimates that world demand for crude...

    View Photo »
  3. Kuwaiti Oil Minister Mohammad al-Baseeri (C) arrives on December 13, 2011 at Organization of Petroleum Exporting Countries (OPEC) headquaters in Vienna. Al-Baseeri said December 13 that OPEC would likely keep its official production quotas unchanged as the market is balanced and prices... Getty Images logo Getty Images 2 months ago

    Kuwaiti Oil Minister Mohammad al-Baseeri (C) arrives on December 13, 2011 at Organization of Petroleum Exporting Countries (OPEC) headquaters in Vienna. Al-Baseeri said December 13 that OPEC would likely keep its official production quotas unchanged as the market is balanced and prices...

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  4. Kuwaiti Oil Minister Mohammad al-Baseeri arrives on December 13, 2011 at Organization of Petroleum Exporting Countries (OPEC) headquaters in Vienna. OPEC appeared set on December 13 to reach consensus over maintaining its official output quota. Analysts widely expected the Vienna-based... Getty Images logo Getty Images 2 months ago

    Kuwaiti Oil Minister Mohammad al-Baseeri arrives on December 13, 2011 at Organization of Petroleum Exporting Countries (OPEC) headquaters in Vienna. OPEC appeared set on December 13 to reach consensus over maintaining its official output quota. Analysts widely expected the Vienna-based...

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  5. Kuwait's oil minister Mohammed Al-Baseeri arrives for a meeting at OPEC's headquarters in Vienna, December 13, 2011. The Organization of the Petroleum Exporting Countries (OPEC) will formally meet on December 14 in to discuss whether to adjust the production targets of the 12-member oil... Reuters Pictures logo Reuters Pictures 2 months ago

    Kuwait's oil minister Mohammed Al-Baseeri arrives for a meeting at OPEC's headquarters in Vienna, December 13, 2011. The Organization of the Petroleum Exporting Countries (OPEC) will formally meet on December 14 in to discuss whether to adjust the production targets of the 12-member oil...

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  6. Minister of Oil State Minister of National Assembly Affairs Chairman of Kuwait Petroleum Corporation, Mohammad al-Busairi, left, arrives for the meeting of the ministerial monitoring sub-committee of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna,... AP Photo logo AP Photo 2 months ago

    Minister of Oil State Minister of National Assembly Affairs Chairman of Kuwait Petroleum Corporation, Mohammad al-Busairi, left, arrives for the meeting of the ministerial monitoring sub-committee of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna,...

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  7. Algeria's Minister of Energy and Mines Youcef Yousfi arrives for the meeting of the ministerial monitoring sub-committee of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Tuesday, Dec. 13, 2011. AP Photo logo AP Photo 2 months ago

    Algeria's Minister of Energy and Mines Youcef Yousfi arrives for the meeting of the ministerial monitoring sub-committee of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Tuesday, Dec. 13, 2011.

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  8. OPEC Secretary-General Abdullah El-Badri attends a news conference after the EU-OPEC Energy Dialog in Vienna June 27, 2011. Reuters Pictures logo Reuters Pictures 7 months ago

    OPEC Secretary-General Abdullah El-Badri attends a news conference after the EU-OPEC Energy Dialog in Vienna June 27, 2011.

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  9. Abdullah al-Badri, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), speaks during the 20th World Petroleum Congress in Doha on December 7, 2011. OPEC's chief described oil prices as 'satisfactory' and supply as adequate, while predicting Libyan output will... Getty Images logo Getty Images 2 months ago

    Abdullah al-Badri, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), speaks during the 20th World Petroleum Congress in Doha on December 7, 2011. OPEC's chief described oil prices as 'satisfactory' and supply as adequate, while predicting Libyan output will...

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  10. OPEC Secretary-General Abdullah El-Badri, Georgia's Prime Minister Nika Gilauri, Kazakhstan's deputy Prime Minister Yerbol Orynbayev and Austrian energy group OMV's CEO Gerhard Roiss (L-R) attend a panel discussion at the World Economic Forum in Vienna, June 9, 2011. The World Economic... Reuters Pictures logo Reuters Pictures 8 months ago

    OPEC Secretary-General Abdullah El-Badri, Georgia's Prime Minister Nika Gilauri, Kazakhstan's deputy Prime Minister Yerbol Orynbayev and Austrian energy group OMV's CEO Gerhard Roiss (L-R) attend a panel discussion at the World Economic Forum in Vienna, June 9, 2011. The World Economic...

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  11. OPEC Secretary-General Abdullah El-Badri talks during panel discussion at the World Economic Forum in Vienna, June 9, 2011. The World Economic Forum on Europe and Central Asia takes place from June 8 to 9, 2011 in Vienna. Reuters Pictures logo Reuters Pictures 8 months ago

    OPEC Secretary-General Abdullah El-Badri talks during panel discussion at the World Economic Forum in Vienna, June 9, 2011. The World Economic Forum on Europe and Central Asia takes place from June 8 to 9, 2011 in Vienna.

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  12. Iran's head of delegation OPEC President Mohammad Aliabadi speaks during the 159th meeting of OPEC Conference in OPEC headquarters in Vienna on June 8, 2011. OPEC ministers squared up on Wednesday for a critical decision on whether to raise oil output for the first time for almost four... Getty Images logo Getty Images 8 months ago

    Iran's head of delegation OPEC President Mohammad Aliabadi speaks during the 159th meeting of OPEC Conference in OPEC headquarters in Vienna on June 8, 2011. OPEC ministers squared up on Wednesday for a critical decision on whether to raise oil output for the first time for almost four...

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  13. FILE - In this June 8, 2011 file photo OPEC ministers and delegates gather for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) at its headquarters in Vienna, Austria. OPEC slashed its estimate for world oil demand this year and said it expected its sales to... AP Photo logo AP Photo 8 months ago

    FILE - In this June 8, 2011 file photo OPEC ministers and delegates gather for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) at its headquarters in Vienna, Austria. OPEC slashed its estimate for world oil demand this year and said it expected its sales to...

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  14. Kuwait's oil minister Mohammed Al-Baseeri arrives for an OPEC meeting in Vienna, June 8, 2011. Oil fell on Wednesday as investors anticipated an increase in production quotas from an OPEC meeting as a response to high prices, which have weighed on global growth and stoked inflation. Reuters Pictures logo Reuters Pictures 8 months ago

    Kuwait's oil minister Mohammed Al-Baseeri arrives for an OPEC meeting in Vienna, June 8, 2011. Oil fell on Wednesday as investors anticipated an increase in production quotas from an OPEC meeting as a response to high prices, which have weighed on global growth and stoked inflation.

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  15. Head of Nigeria's OPEC delegation Goni Musa Sheikh listens to journalists at the beginning of an OPEC meeting in Vienna, June 8, 2011. Oil fell on Wednesday as investors anticipated an increase in production quotas from an OPEC meeting as a response to high prices, which have weighed on... Reuters Pictures logo Reuters Pictures 8 months ago

    Head of Nigeria's OPEC delegation Goni Musa Sheikh listens to journalists at the beginning of an OPEC meeting in Vienna, June 8, 2011. Oil fell on Wednesday as investors anticipated an increase in production quotas from an OPEC meeting as a response to high prices, which have weighed on...

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  16. (L-R) Nigeria's head of delgation and OPEC Chairman Goni Musa Sheikh, Iran's head of delegation OPEC President Mohammad Aliabadi and Secretary General of OPEC, Abdullah El-Badri from Libya open the 159th meeting of OPEC Conference in OPEC headquarters in Vienna on June 8, 2011. OPEC... Getty Images logo Getty Images 8 months ago

    (L-R) Nigeria's head of delgation and OPEC Chairman Goni Musa Sheikh, Iran's head of delegation OPEC President Mohammad Aliabadi and Secretary General of OPEC, Abdullah El-Badri from Libya open the 159th meeting of OPEC Conference in OPEC headquarters in Vienna on June 8, 2011. OPEC...

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  17. Head of Iran's OPEC delegation and OPEC president Mohammad Aliabadi listens to journalists questions at the beginning of an OPEC meeting in Vienna, June 8, 2011. The world oil market is well supplied, OPEC's president said in a speech at the opening of the group's meeting on Wednesday. Reuters Pictures logo Reuters Pictures 8 months ago

    Head of Iran's OPEC delegation and OPEC president Mohammad Aliabadi listens to journalists questions at the beginning of an OPEC meeting in Vienna, June 8, 2011. The world oil market is well supplied, OPEC's president said in a speech at the opening of the group's meeting on Wednesday.

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  18. Kuwait's oil minister Mohammed Al-Baseeri arrives at the OPEC headquarters for a Ministerial Monitoring Sub-Committee meeting in Vienna, June 7, 2011. Reuters Pictures logo Reuters Pictures 8 months ago

    Kuwait's oil minister Mohammed Al-Baseeri arrives at the OPEC headquarters for a Ministerial Monitoring Sub-Committee meeting in Vienna, June 7, 2011.

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  19. Head of Nigeria's OPEC delegation Goni Musa Sheikh arrives at the OPEC headquarters for a Ministerial Monitoring Sub-Committee meeting in Vienna, June 7, 2011. Reuters Pictures logo Reuters Pictures 8 months ago

    Head of Nigeria's OPEC delegation Goni Musa Sheikh arrives at the OPEC headquarters for a Ministerial Monitoring Sub-Committee meeting in Vienna, June 7, 2011.

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  20. Head of Libya's OPEC delegation Shokri Ghanem smiles as he arrives for a meeting of OPEC oil ministers in Vienna in this March 17, 2010 file photo. Top Libyan oil official Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain... Reuters Pictures logo Reuters Pictures 8 months ago

    Head of Libya's OPEC delegation Shokri Ghanem smiles as he arrives for a meeting of OPEC oil ministers in Vienna in this March 17, 2010 file photo. Top Libyan oil official Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain...

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  21. OPEC Secretary General Abdullah El-Badri speaks during a press conference after a ministerial meeting at the Organisation of Petroleum Exporting Countries (OPEC) in Abu Dhabi, 05 December, 2007. OPEC was set to maintain its official output quota at the keenly-watched ministerial... Getty Images logo Getty Images 10 months ago

    OPEC Secretary General Abdullah El-Badri speaks during a press conference after a ministerial meeting at the Organisation of Petroleum Exporting Countries (OPEC) in Abu Dhabi, 05 December, 2007. OPEC was set to maintain its official output quota at the keenly-watched ministerial...

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  22. Organisation of Petroleum Exporting Countries (OPEC) Secretary-General Abdullah El-Badri of Libya gives an interview to an AFP journalist, 19 June 2007 in Vienna. Abdullah al-Badri hinted that the OPEC might not boost oil production in the coming months, saying that the market... Getty Images logo Getty Images 10 months ago

    Organisation of Petroleum Exporting Countries (OPEC) Secretary-General Abdullah El-Badri of Libya gives an interview to an AFP journalist, 19 June 2007 in Vienna. Abdullah al-Badri hinted that the OPEC might not boost oil production in the coming months, saying that the market...

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  23. Iranian President Mahmoud Ahmadinejad (R) meets with OPEC Secretary General Abdullah El-Badri (L) in the presence of a translator (C) on April 06, 2008 in Tehran. Badri, who is on a three-day visit to the Islamic republic, has rejected calls from oil consuming states for a hike in the... Getty Images logo Getty Images 10 months ago

    Iranian President Mahmoud Ahmadinejad (R) meets with OPEC Secretary General Abdullah El-Badri (L) in the presence of a translator (C) on April 06, 2008 in Tehran. Badri, who is on a three-day visit to the Islamic republic, has rejected calls from oil consuming states for a hike in the...

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  24. OPEC Secretary General Abdullah El-Badri attends on March 05, 2008 a meeting of the Organization of Petroleum Exporting Countries (OPEC) at its Vienna headquarters. OPEC was set to leave oil output unchanged despite fresh calls by US President George W. Bush for an increase in supply to... Getty Images logo Getty Images 10 months ago

    OPEC Secretary General Abdullah El-Badri attends on March 05, 2008 a meeting of the Organization of Petroleum Exporting Countries (OPEC) at its Vienna headquarters. OPEC was set to leave oil output unchanged despite fresh calls by US President George W. Bush for an increase in supply to...

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  25. OPEC Secretary General Abdullah El-Badri attends the International Energy Forum in Rome on April 22, 2008. Ministers from 74 countries attending the International Energy Forum here expressed 'concern' Tuesday at high oil prices, which topped a record 119 dollars. Getty Images logo Getty Images 10 months ago

    OPEC Secretary General Abdullah El-Badri attends the International Energy Forum in Rome on April 22, 2008. Ministers from 74 countries attending the International Energy Forum here expressed 'concern' Tuesday at high oil prices, which topped a record 119 dollars.

    View Photo »
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AP Photo logo AP Photo 2 months ago

Iran's Minister of Petroleum and President of the Conference Rostam Ghasemi listens to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Wednesday, Dec. 14, 2011. The Organization of...

View Photo »
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  6. International Energy Agency International Energy Agency

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