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Posted August 26, 2016Today in Energy

OPEC members' net oil export revenue in 2015 drops to lowest level since 2004 ›

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. These earnings represent a 46% decline from $753 billion earned in 2014. Although these net export earnings include Iran's revenues, the net export revenue is not adjusted for possible price discounts that Iran may have offered its customers between late 2011 and January 2016, when nuclear-related sanctions targeting Iran's oil sales were in place. More

Source: EIA, derived from data in the Short-Term Energy Outlook


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Data Highlights

WTI crude oil futures price

8/24/2016: $46.77/barrels

down$0.02 from week earlier
up$7.46 from year earlier

Natural gas futures price

8/24/2016: $2.796/MMBtu

up$0.177 from week earlier
up$0.111 from year earlier

Weekly coal production

8/20/2016: 15.951 million tons

up0.113 million tons from week earlier
down2.885 million tons from year earlier

Natural gas inventories

8/19/2016: 3,350 Bcf

up11 Bcf from week earlier
up275 Bcf from year earlier

Crude oil inventories

8/19/2016: 523.6 million barrels

up2.5 million barrels from week earlier
up72.8 million barrels from year earlier


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