Twilight Looms For OPEC’s Golden Age
These have been glorious years for OPEC. The organization has posted double digit petroleum revenue percentage growth for eight of the last 10 years, registering a new record of $1.26 trillion in 2012, according to OPEC’s Annual Statistical Bulletin (ASB) 2013, published on 29 July.
The good news is by no means limited to revenue growth, with a series of indicators all in positive territory. Crude production,...