EIA: OPEC Could Earn $750B of Net Oil Export Revenues in 2010
Based on projections from the EIA November 2009 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $576 billion of net oil export revenues in 2009 and $750 billion in 2010.
Last year, OPEC earned $966 billion in net oil export revenues, a 42 percent increase from 2007. Saudi Arabia earned the largest share of these earnings, $285 billion, representing 30 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earning reached $2,676 in 2008, a 40 percent increase from 2007.
- BLOG: What do Rigzone Readers Think of the OPEC/NOPEC Deal? (Dec 07)
- Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns (Dec 04)
- OPEC, Russia Agree Oil Cut Extension To End Of 2018 (Nov 30)
Company: Energy Information Administration (EIA) more info
- EIA: US Crude Stockpiles Fall For Fourth Week On Huge Cushing Draw (Dec 13)
- EIA: US Crude Stockpiles Slump, Gasoline Builds More Than Expected (Dec 06)
- US Vastly Overstates Oil Output Forecasts, MIT Study Suggests (Dec 01)