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EIA: OPEC Revenues Fact Sheet and Short-Term Energy Outlook May 2008

  • OPEC Revenues Fact Sheet (05/06/2008): “This report includes estimates of OPEC net oil export revenues, based on projections from the May 2008 Short Term Energy Outlook. EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned $674 billion in net oil export revenues in 2007, a 10 percent increase from 2006. Saudi Arabia earned the largest share of these earnings, $194 billion, representing 29 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earning reached $1,143, a 8 percent increase from 2006. Based on projections from the EIA May 2008 Short Term Energy Outlook (STEO), OPEC net oil export revenues could be $1,060 billion in 2008 and $990 billion in 2009 (please note that estimates for individual OPEC members are not available for the forecast period).”
  • Short-Term Energy Outlook May 2008 (05/06/2008): “Quarterly short-term energy projections for supply, demand, and price for the major fuels through 2009 for the U.S. International oil forecasts are included.”

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