OPEC members’ net oil export earnings may crash to $341 billion in 2016

OPEC

• Nigeria’s crude business revenue drops by more than half to $39b in 2015

• Earns $10b between January and May

The United States (U.S.) Energy Information Administration (EIA) has projected that members of the Organisation of the Petroleum Exporting Countries (OPEC) net oil export revenues could fall from the $404 billion it earned in 2015 to about $341 billion in 2016 . . .

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OPEC members’ net oil export earnings may crash to $341 billion in 2016

Oil prices rise after Saudi Arabia cut diplomatic ties with Iran

Oil price rise

Oil prices rose Monday on Middle East supply risks after Saudi Arabia cut diplomatic ties with Iran . . .

Continue reading “Oil prices rise after Saudi Arabia cut diplomatic ties with Iran”

Oil prices rise after Saudi Arabia cut diplomatic ties with Iran