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Commodities Briefing - Categorized | Oil, Trading more

OPEC global exports, minus Iran, approach $1 trillion mark

Posted on 13 August 2013

According to the U.S. Energy Information Administration, the Organization of Petroleum Exporting Countries (OPEC) earned about $928 billion in 2012, a five percent increase over 2011. It is also the largest level ever reached from 1975 until now, the period for which the EIA has tracked.
Iran’s production, which is veiled by sanctions and discount deals, made available by that rogue state, is not published. However, figuring that its revenue at least equals that of neighboring OPEC member Iraq, this would easily eclipse the trillion dollar mark………………………………………..Full Article: Source


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