OPEC+, Origin, Members & HQ, Latest News

Table of Contents☰

OPEC+ Latest News

Recently, the Organization of the Petroleum Exporting Countries (OPEC)+ has agreed in principle to maintain steady oil output despite rising political tensions among key members and widening geopolitical uncertainty.

About OPEC+

It is the alliance of major oil-exporting nations.
It is an extension of the Organization of the Petroleum Exporting Countries formed in 2016.
It consists of 22 oil-exporting countries which meet regularly to decide how much crude oil to sell on the world market.
Members of OPEC+: It comprises 12 OPEC countries plus Azerbaijan, Bahrain, Brunei, Kazakhstan, Russia, Mexico, Malaysia, South Sudan, Sudan, and Oman.
These nations aim to work together on adjusting crude oil production to bring stability to the oil market.

Key Facts about Organization of the Petroleum Exporting Countries

It is a permanent intergovernmental organization of oil-exporting countries.
It was established in 1960 by the five founding members Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
Currently, it has 12 members, including Algeria, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and the United Arab Emirates.
Angola withdrew its membership effective 1 January 2024.
Headquarters: Vienna, Austria.

Source: News on Air

Latest UPSC Exam 2026 Updates

Last updated on January, 2026

→ Check out the latest UPSC Syllabus 2026 here.

→ Join Vajiram & Ravi’s Interview Guidance Programme for expert help to crack your final UPSC stage.

→ UPSC Mains Result 2025 is now out.

→ UPSC Notification 2026 Postponed for CSE & IFS which was scheduled to be released on 14 January 2026.

→ UPSC Calendar 2026 has been released.

→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.

→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.

→ Prepare effectively with Vajiram & Ravi’s UPSC Prelims Test Series 2026 featuring full-length mock tests, detailed solutions, and performance analysis.

→ Enroll in Vajiram & Ravi’s UPSC Mains Test Series 2026 for structured answer writing practice, expert evaluation, and exam-oriented feedback.

→ Join Vajiram & Ravi’s Best UPSC Mentorship Program for personalized guidance, strategy planning, and one-to-one support from experienced mentors.

→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!

→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.

→ Also check Best UPSC Coaching in India