VOL. XXXIX

No. 6

11-November-1995

OPEC

OPEC Oil Revenues Fell By $4Bn In 1994

The value of oil exports by the 12 OPEC member countries in 1994 fell by $4.09bn or 3.3% from $122.788bn in 1993 to $118.698bn in 1994, despite an increase in the total production volume of 363,000 b/d or 1.48% - from an average of 24.542mn b/d in 1993 to 24.905mn b/d in 1994. According to the 1994 OPEC Annual Statistical Bulletin, which has just been released, the value of the OPEC member countries' oil exports...