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OPEC members’ net oil export revenue in 2015 drops to lowest level since 2004

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. These earnings represent a 46% decline from $753 billion earned in 2014. Although these net export earnings include Iran’s revenues, the net …read more

Source:: TODAY IN ENERGY