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OPEC oil revenues plunge to lowest in decade

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Staff writer ▼ | June 23, 2016
OPEC
Oil production   OPEC earned $518.2 billion in 2015

The Organization of Petroleum Exporting Countries or OPEC's 2015 petroleum export revenues plunged 46 percent, primarily reflecting the collapse in crude prices. The revenues for 2015 dropped to a 10-year low.

OPEC earned $518.2 billion in 2015 from the sale of crude and refined fuels. The OPEC increased its exports by 1.7 percent to 23.6 million barrels a day, but oil prices are still at low levels.

OPEC's 13 members posted a combined deficit of $99.6 billion in 2015, compared wit a surplus of $238.1 billion in 2014.


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