VOL. XLVI

No 1

6-January-2003

ENERGY FINANCE

EIA Forecasts OPEC Net Export Revenues To Rise 7% In 2003 To $192Bn

OPECs net oil export revenues for 2003 are projected to increase by 7% over 2002 at $192bn, according to a 20 December report issued by the US Energy Information Administration (EIA). Using the EIA December 2002 reference case for world oil prices and production, the EIA said that the increase in revenues in 2003 was expected in part from higher net oil exports, up 6% from 2002 levels,...