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Commodities Briefing - Categorized | Financial, Oil, Performance more

OPEC’s income at all-time high in 2012

Posted on 08 January 2013

Strong oil prices combined with higher production to push OPEC’s income to its highest ever level in 2012 and the UAE was expected to have remained the second largest earner within the 12-nation group.
From a record high of around $1,026 billion in 2011, the collective crude export earnings of the 12-nation Organization of Petroleum Exporting Countries were likely to have climbed to another peak of nearly $1,154 billion in 2012, its highest level since the group was created more than four decades ago………………………………………..Full Article: Source


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