{"id":21196,"date":"2026-01-06T11:48:27","date_gmt":"2026-01-06T06:18:27","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21196"},"modified":"2026-01-06T13:46:50","modified_gmt":"2026-01-06T08:16:50","slug":"opec-plus","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/opec-plus\/","title":{"rendered":"OPEC+"},"content":{"rendered":"<h2><b>OPEC+ Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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.\u00a0<\/span><\/p>\n<h2><b>About OPEC+<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is the alliance of major <\/span><b>oil-exporting nations.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an extension of the Organization<\/span><b> of the Petroleum Exporting Countries formed in 2016.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It consists of <\/span><b>22 oil-exporting countries<\/b><span style=\"font-weight: 400;\"> which meet regularly to decide how much crude oil to sell on the world market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Members of OPEC+:<\/b><span style=\"font-weight: 400;\"> It comprises <\/span><b>12 <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/organisation-of-the-petroleum-exporting-countries-opec\/\" target=\"_blank\">OPEC<\/a> countries<\/b><span style=\"font-weight: 400;\"> plus Azerbaijan, Bahrain, Brunei, Kazakhstan, Russia, Mexico, Malaysia, South Sudan, Sudan, and Oman.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These nations aim to work together on adjusting crude oil production to bring stability to the oil market.<\/span><\/li>\n<\/ul>\n<h3><b>Key Facts about Organization of the Petroleum Exporting Countries<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a permanent intergovernmental organization of oil-exporting countries.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It <\/span><b>was established in 1960<\/b><span style=\"font-weight: 400;\"> by the five founding members Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Currently, it has <\/span><b>12 members<\/b><span style=\"font-weight: 400;\">, including Algeria, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and the United Arab Emirates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Angola withdrew its membership effective 1 January 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Headquarters:<\/b><span style=\"font-weight: 400;\"> Vienna, Austria.<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.newsonair.gov.in\/opec-agrees-to-maintain-steady-oil-output-amid-geopolitical-uncertainty\/\" target=\"_blank\" rel=\"nofollow noopener\">News on Air<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ is an extension of the Organization of the Petroleum Exporting Countries formed in 2016. Read more about OPEC+, Origin, Members, HQ, Latest News.<\/p>\n","protected":false},"author":5,"featured_media":21197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[4590,21,22,23],"class_list":{"0":"post-21196","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-opec","9":"tag-prelims-pointers","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21196"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/21197"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}