OPEC net oil export revenues increased in 2017, will likely continue to increase in 2018

Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports drove revenues higher in 2017, and EIA expects that revenues will continue to increase in 2018, based on EIA’s August Short-Term Energy Outlook. Source: Today in Energy – OPEC net oil export revenues increased in 2017, will likely continue to increase in 2018

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Source: CTRM Center

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