Post Tagged with: "Oil revenues"

OPEC Revenue Down 46% in 2015 and Still Sinking

OPEC Revenue Down 46% in 2015 and Still Sinking

Low oil prices cost OPEC $349 billion

A report from the EIA showed OPEC’s revenues fell by nearly half from 2014 to 2015 as the group pursued a strategy of defending market share over oil prices. The EIA estimates that …