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2004 a peak for oil revenues
- Saudi Arabia: Sunday, November 14 - 2004 at 10:34
Oil revenues in the Arab states are probably at their peak this year, and will decline in 2005 and 2006, according to many analysts. OPEC oil shipments rose in the four weeks to November 27, swelling an already large yearly surplus of seaborne supply heading to consuming nations. But economists predict a soft landing for oil producing economies with prices staying high.
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Peter J. CooperSunday, November 14 - 2004 at 10:34 UAE local time (GMT+4)
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