U.S. Energy Information Administration logo

Posted September 18, 2018Today in Energy

OPEC net oil export revenues increased in 2017, will likely continue to increase in 2018 ›

Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports drove revenues higher in 2017, and EIA expects that revenues will continue to increase in 2018, based on EIA’s August Short-Term Energy Outlook. More

OPEC net oil export revenues

Source: EIA, OPEC Revenues Fact Sheet

Data Highlights

WTI crude oil futures price

9/17/2018: $68.91/barrel

up$1.37 from week earlier
up$19.02 from year earlier

Natural gas futures price

9/17/2018: $2.814/MMBtu

up$0.010 from week earlier
down$0.210 from year earlier

Retail gasoline price

9/17/2018: $2.841/gal

up$0.008 from week earlier
up$0.207 from year earlier

Retail diesel price

9/17/2018: $3.268/gal

up$0.010 from week earlier
up$0.477 from year earlier

Weekly coal production

9/8/2018: 14.145 million tons

down1.471 million tons from week earlier
down0.812 million tons from year earlier