Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-08-18 18:50:00

OPEC REVENUE DOWN 46%

OPEC REVENUE DOWN 46%

EIA wrote, Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to recently published U.S. Energy Information Administration (EIA) estimates (Figure 1). This represents a 46% decline from the estimated $753 billion earned in 2014 and a 56% drop from the estimated $921 billion revenue received in 2012. While these net export earnings include Iran's revenues, they are not adjusted for possible price discounts that Iran may have offered its customers between late 2011 and January 2016, when nuclear-related sanctions targeting Iran's oil sales were in place.

 

OPEC NET OIL EXPORT REVENUES 1975 - 2015

 

EIA's estimated net oil export revenue is based on its oil production and consumption estimates, as well as its forecast for oil prices. EIA assumes that exports are sold at prevailing spot prices, and adjusts the benchmark crude oil prices that are forecasted (Brent, West Texas Intermediate, and the average imported refiner crude oil acquisition cost) to incorporate historical price differentials between spot prices for the different OPEC crude oil types. For countries that export several different varieties of crude oil, EIA assumes that the proportion of total net oil exports represented by each variety is equal to the proportion of the total domestic production represented by that variety. For example, if Arab Medium represents 20% of total oil production in Saudi Arabia, the estimate assumes that Arab Medium also represents 20% of total net oil exports from Saudi Arabia.

OPEC revenue has fallen in step with the steep decline in crude oil prices. The monthly average Brent spot price dropped from $112 per barrel (b) in June 2014 to $38/b in December 2015. Based on price forecasts, OPEC revenue is expected to fall further in 2016 to $341 billion before rising to $427 billion in 2017.

OPEC members' 2015 net export revenue was the lowest since 2004, with significant implications for the fiscal condition of member countries that rely heavily on oil sales to fund social programs and import other goods and services. In inflation-adjusted terms, OPEC per capita net oil export revenue totaled $606 in 2015, down 83% from the 1980 level of $3,500 (Figure 2).

 

OPEC NET OIL EXPORT REVENUE 1975 - 2015

 

-----

Earlier: 

OPEC STILL HAVEN'T 

OPEC: DEMAND WILL UP 

OPEC UP 

OPEC REVENUES DOWN 46% 

THREE MAIN PLAYERS

 

 

 

 

 

Tags: OPEC, REVENUE, OIL, PRICES

Chronicle:

OPEC REVENUE DOWN 46%
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

OPEC REVENUE DOWN 46%
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

OPEC REVENUE DOWN 46%
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

OPEC REVENUE DOWN 46%
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »