VOL. XLII
No. 20
17-May-1999
OPEC
EIA Projects 7.7% Increase In OPEC Oil Export Revenues In1999
According to the US Energy Information Administration (EIA),OPEC oil exports for 1999 are projected to generate only 7.7% higher revenuesthan in 1998. The EIAs latest report (May 1999) outlines the scenarios facingOPEC producers as a result of reduced oil export revenues following the declinein oil prices experienced between late 1997 and early 1999 and the recentrebound in oil prices. The EIA notes...
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