EIA estimates OPEC net oil export revenues of US$433 billion for 2016
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
The US Energy Information Administration (EIA) has estimated that the Organization of the Petroleum Exporting Countries (OPEC) raised net oil export revenues of approximately US$433 billion (unadjusted for inflation) in 2016. This revenue total is the lowest OPEC earnings since 2004.
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