US Says OPEC To Earn Almost $1 Trillion From Oil This Year

News Type: Event — Seeded on Mon Apr 14, 2008 5:32 AM EDT

Article Source: planetark.org

business, oil, opec, oil-demand, energy-information-administration

Net oil export earnings from the Organization of the Petroleum Exporting Countries were forecast to soar 45 percent from last year's record $676 billion to $980 billion this year and then fall to $880 billion in 2009, when oil prices are expected to be lower, the Energy Information Administration said this week.

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