OPEC Oil Export Revenues Set to Fall from Almost $1 Trillion in 2012, EIA Says

Opec countries’ oil export revenues - excluding Iran – reached $982 billion last year, up by 5% over the previous year, according to Energy Information Administration estimates. This marks a record for EIA estimates covering the 1975-2012 time period, with Saudi Arabia accounting for 32% of the total. But revenues are projected to fall this year and… Keep reading →

Tags: Brent, Central Bank of Iran, Consumption, Energy Information Administration, Exports, Iran, Long-Term Contract Prices, Oil, Oil Tankers, OPEC, Production, Revenues, Sanctions, Short-Term Energy Outlook, Spot Prices, West Texas Intermediate