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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC exports jump to $1.26 trillion

Posted on 30 July 2013

OPEC’s petroleum exports jumped in value by almost 10 percent in 2012 year-on-year and the producers’ GDP climbed 12 percent, according to the group’s latest report, an income surge that looks harder to repeat this year.
The gains, announced in OPEC’s Annual Statistical Bulletin 2013, reflect record prices and steadily climbing output last year from many members of the Organization of the Petroleum Exporting Countries. An increase in cash flow is a big advantage for producer countries…………………………………Full Article: Source


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