Dubai – (Masaader News)
Oil exports revenues of the Opec countries members have fallen by about 15 percent in 2016, according to a report by the US Energy Information Administration.
OPEC revenues from its oil exports reached about $ 433 billion in 2016, compared with $ 509 billion in 2015, according to the report.
OPEC’s production of oil could record 32.1 million bpd in the second quarter of this year, compared to 31.9 million barrels in the first quarter, the report said.
The US Energy Information Administration (EIA) forecast higher OPEC revenues from oil exports to $ .539 billion after improved crude prices and higher production
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