Opec Revenues Take A Beating-EIA

*The US government’s EIA says that Opec net oil export revenues (excluding Iran) fell to $730bn in 2014 and will fall by a further 48% to $380bn this year.

*Extrapolating the EIA’s Jan-Feb ’15 number gives an even lower 2015 figure: $355bn.

*For 2016, the EIA expects OPEC revenue to bounce back to $515bn, as crude oil prices rebound.

OPEC NET OIL EXPORT REVENUE ($BN, NOMINAL)*


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