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Opec revenues to hit five-year low
- Middle East: Monday, December 22 - 2008 at 11:33
A new report from the US government predicts that Opec's oil export revenue will plunge more than 50% next year to a five-year low due to sharply lower crude prices and production cuts, reported The National. The report said the group's net revenue from oil exports would tumble to $444bn next year, after narrowly missing the trillion-dollar threshold this year.
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StaffMonday, December 22 - 2008 at 11:33 UAE local time (GMT+4)
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