The Energy Information Administration (EIA) estimates that OPEC revenues from net oil exports will fall substantially from 2013 levels. The EIA estimates that OPEC, excluding Iran, will earn about $700 billion in revenue from exports in 2014.The forecast is a 14% decrease from 2013 earnings when the cartel earned approximately $821 billion, and the lowest earnings for the group since 2010, according to the EIA’s Short-Term Energy Outlook.

OPEC earnings declined in 2014 largely for two reasons, says the agency: decreases in the amount of OPEC...

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