OPEC Oil Export Revenue Hits A 4-Year Record Low
By Michael Bastasch Low oil prices throughout 2014 put a huge dent in OPEC finances, with petroleum export revenues dipping below $1 trillion for the first time since 2010. Bloomberg reports that OPEC’s “12 members earned $993.3 billion in 2014, a decrease of 11 percent from a year earlier.” Bloomberg added that OPEC’s “combined current account balance…

