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OPEC net oil revenues in 2016 were the lowest since 2004

Published 19 May 2017

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004. In real dollar terms, the 2016 revenue represents a 15% decline from the $509 billion earned in 2015, mainly because of the fall in average annual crude oil prices and, to a lesser extent, because of decreases in OPEC net oil exports.

Source: Today in Energy – OPEC net oil revenues in 2016 were the lowest since 2004

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