Object Storage API is available in Libcloud 0.5.0 and higher.
Storage API allows you to manage cloud object storage (not to be confused with cloud block storage) and services such as Amazon S3, Rackspace CloudFiles, Google Storage and others.
Besides managing cloud object storage, storage component also exposes simple CDN management functionality.
Container- represents a container which can contain multiple objects. You can think of it as a folder on a file system. Difference between container and a folder on file system is that containers cannot be nested. Some APIs and providers (e.g. AWS) refer to it as a Bucket.
Object- represents an object or so called BLOB.