Wednesday 1 July 2015

OPEC BATTLES TO REGAIN CRUDE OIL REVENUE

OPECMembers of the Organisation of Petroleum Exporting Countries (OPEC) have continued to suffer huge drop in yearly revenue as a result of the uncertainty of oil prices.

According to the OPEC’s yearly statistical bulletin, oil revenues dropped in 2014 below the psychological $1 trillion mark for the first time since 2010, which may be a sign that the cartel was yet to overcome the economic impact of lower prices for oil-rich nations.

Read more @ Guardian

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