Saudi Gazette reports that 2012 was a banner year for the Organization of Petroleum Exporting Countries, earning them $1 trillion in net revenues. This new year looks to be a bit less profitable as new oil production from the US (as well as Canada) cuts into OPEC’s market share. Still, it’s not a bad time to be an oil producer!

Opec reaps record revenue in 2012

JEDDAH/NEW YORK/LONDON — The year 2012 was a bumper year for the Organization of Petroleum Exporting Countries (Opec). The organization, led by Saudi Arabia, will pocket a record of more than $1 trillion in net oil revenues in 2012 as the annual average price for Brent, the benchmark, heads to an all-time high in spite of weak economic growth.
…


January:01:2013 - 09:11 | Comments Off | Permalink

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

spacer
antalya escortizmir escort
istanbul, izmir, antalya, ankara escort bayan, travesti, evden eve nakliye, anaokul linkleritravestiler antalya travestileriantalya travestileri istanbul escort bayanistanbul escortevden eve nakliyatevden eve nakliyeAntalya Escort BayanAntalya Escortapartment for sale in istanbulBeylikdüzü Escort BayanBeylikdüzü Escort anaokultravestiAntalya Escort BayanAntalya Escortizmir escortizmir escort bayanizmir escort bayanankara escortankara escort bayanwhoisistanbul escort bayanantalya escort bayanankara escort bayan

  • Advertising Info

    Interested in advertising on or sponsoring Crossroads Arabia? Contact me for more information.

  • Copyright Notice

    All original materials copyright, 2004-2013. Other materials copyrighted by their respective owners.

    The fact that this blog permits one to use RSS to read content does not constitute permission to republish content. All requests for republication must be submitted through the Contact form on the menu above. Violations of copyright will be dealt with through applicable law.