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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…

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Tags: OPEC, REVENUE, OIL, PRICES

Chronicle:

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