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OPEC Net Oil Revenues in 2016 Were the Lowest Since 2004

May 22, 2017 - in Energy, Oil & Gas

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,…