• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas September 21, 2023
Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote September 20, 2023
Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds September 20, 2023
Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP September 20, 2023
‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak September 19, 2023
Next
Prev

OPEC Members Record Lowest Annual Revenue Since 2004

May 21, 2017
Reading time: 1 minute

Tungsten/Wikimedia Commons

Tungsten/Wikimedia Commons

 

Members of the Organization of Petroleum Exporting Countries (OPEC) reported the lowest net revenue last year since 2004, mainly because of crashing oil prices, but partly due to the export cuts the cartel instituted to try to bring global oil supply and demand back into balance.

While the countries still took home a cool US$433 billion last year, that was a 15% drop from net revenue of $509 billion in 2015, the U.S. Energy Information Administration reports.

  • Concise headlines. Original content. Timely news and views from a select group of opinion leaders. Special extras.
  • Everything you need, nothing you don’t.
  • The Weekender: The climate news you need.
Subscribe

“Saudi Arabia has consistently earned more oil export revenues than any other member of OPEC, with its share in total OPEC net oil export revenues ranging between 29% and 34% since 1996,” EIA notes. “Iran’s revenue share has fluctuated, with a significant reduction evident over the 2012-15 period, mainly as a result of the imposition of nuclear-related sanctions by the United States and the European Union that targeted Iran’s oil exports.”

EIA expects OPEC’s net revenues to hit $539 billion this year and $595 billion in 2018.



in Energy / Carbon Pricing & Economics

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

CoCreatr/Flickr
Buildings & Infrastructure

Net-Zero Depends on Household Power Production, Energy Exec Argues

September 14, 2023
136
Pierre Poilievre/Facebook
Energy Politics

Poilievre Could Dial Back Canada’s Climate Gains, Globe Editorial Warns

September 12, 2023
498
Scott Beale/flickr
Energy / Carbon Pricing & Economics

What If Carbon Taxes Applied to Shareholders, Rather Than Consumers?

September 11, 2023
122

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

UN Climate Change/flickr

BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 21, 2023
203
Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
517
Asurnipal/wikimedia commons

Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP

September 20, 2023
108
Cullen328/wikimedia commons

Manufactured Housing Could Dent the Affordable Housing Crunch with Energy-Efficient Designs

September 20, 2023
81
Mr Renewables/Wikipedia

Californians Fight for New Community Solar Plan

September 20, 2023
80
Kristoferb/Wikimedia Commons

Canadians Could Save $10.4B, Cut Climate Pollution by Replacing Central Air with Heat Pumps

August 28, 2023
669

Recent Posts

Rewat Wannasuk/Pexels

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
66
Jeremy Bezanger/Unsplash

Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds

September 20, 2023
32
Wesley Fryer/flickr

Smart Thermostats Boost Grid Stability Amid Intense Heat

September 20, 2023
31
Plug'n Drive/Wikimedia Commons

Rural Carshares Ensure EV Push Leaves No One Behind

September 20, 2023
24
/Piqusels

‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak

September 19, 2023
405
Clean Creatives

‘Turning Point’ for PR Industry as Clean Creatives Targets Fossil Industry Contracts

September 19, 2023
256
Next Post
Thank you for visiting my page/Flickr

$235M Alberta Loan to Create 1,650 Jobs Cleaning Up Abandoned Wells

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}