
OPEC is made up of several oil-producing countries from different regions of the world. Some key members include Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela. Other members include countries like Nigeria, Algeria, Libya, and the United Arab Emirates. Membership has changed over time, with some countries joining and leaving. For example, Angola left in 2023, and the UAE announced plans to leave in 2026. This shows that the group is always evolving. Even with changes, OPEC still represents a major share of global oil production.
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