# OPEC Decisions

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- Organisation
- Petroleum
- Exporting
- Countries

15 member countries 

- Algeria
- Angola
- Congo
- Equatorial Guinea
- Gabon
- Iran
- Iraq
- Kuwait
- Libya
- Nigeria
- Saudi Arabia
- United Arab Emirates
- Venezuela

Don't always agree
More like a central bank of oil
about 1/3 of global supply and aren't a monopoly
don't target prices, but do target inventories

Two meetings per year

Meet behind closed doors in Vienna to try agree on policies that will satisfy all of them.