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OPEC net oil export revenue streams by country 2018
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OPEC net oil export revenue streams by country 2018
OPEC net oil export revenue streams in 2018, by member country (in billion U.S. dollars)
by T. Wang,
last edited
Sep 16, 2019
Saudi Arabia was the largest generator of net oil export revenue for the Organization of the Petroleum Exporting Countries (OPEC), totaling 237 billion U.S. dollars in 2018, compared to Iraq’s 91 billion U.S. dollars. Saudi Arabia is also the largest OPEC crude oil exporter, with about 7.37 million barrels of oil per day, compared to the 24.9 million barrels exported per day by all OPEC members. In total, the OPEC generated about 686 billion U.S. dollars in recent years.
What is the OPEC
The OPEC was founded in 1960 in Baghdad with just five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). In 2019, Qatar announced its withdrawal from the OPEC. Currently, there are 14 member countries, controlling about 82 percent of the world’s global crude oil reserves. OPEC’s market decisions have a significant influence on the global oil market as well as international relations, especially in times of civil unrest that can disrupt fuel supplies. The mission of the organization is to coordinate petroleum policies of its members and to ensure the stabilization of oil markets. The OPEC also provides information about the global oil market. The rise of natural gas, increasing energy independence in some regions, and efforts to fight climate change may signal uncertainties in the OPEC’s future.OPEC net oil export revenue streams in 2018, by member country (in billion U.S. dollars)
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by T. Wang,
last edited
Sep 16, 2019
Saudi Arabia was the largest generator of net oil export revenue for the Organization of the Petroleum Exporting Countries (OPEC), totaling 237 billion U.S. dollars in 2018, compared to Iraq’s 91 billion U.S. dollars. Saudi Arabia is also the largest OPEC crude oil exporter, with about 7.37 million barrels of oil per day, compared to the 24.9 million barrels exported per day by all OPEC members. In total, the OPEC generated about 686 billion U.S. dollars in recent years.
What is the OPEC
The OPEC was founded in 1960 in Baghdad with just five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). In 2019, Qatar announced its withdrawal from the OPEC. Currently, there are 14 member countries, controlling about 82 percent of the world’s global crude oil reserves. OPEC’s market decisions have a significant influence on the global oil market as well as international relations, especially in times of civil unrest that can disrupt fuel supplies. The mission of the organization is to coordinate petroleum policies of its members and to ensure the stabilization of oil markets. The OPEC also provides information about the global oil market. The rise of natural gas, increasing energy independence in some regions, and efforts to fight climate change may signal uncertainties in the OPEC’s future.- Show sources information
- Show publisher information
- Release date
- August 2019
- Region
- United States
- Survey time period
- 2018
- Supplementary notes
-
All values in billions of nominal U.S. dollars.
According to the source, estimates of oil production and consumption are used to derive net oil exports for each country. The source assumes that these exports are sold at prevailing spot prices. For countries that export several different crude varieties, EIA assumes that the proportion of total net oil exports represented by each variety is equal to the proportion of the total domestic production represented by that variety.
Source
- Show sources information
- Show publisher information
- Release date
- August 2019
More information
- Region
- United States
- Survey time period
- 2018
- Supplementary notes
-
All values in billions of nominal U.S. dollars.
According to the source, estimates of oil production and consumption are used to derive net oil exports for each country. The source assumes that these exports are sold at prevailing spot prices. For countries that export several different crude varieties, EIA assumes that the proportion of total net oil exports represented by each variety is equal to the proportion of the total domestic production represented by that variety.
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Statistics on "OPEC"
- Reserves
The most important statistics
- Crude oil reserves in OPEC countries from 2012 to 2018 (in billion barrels)*OPEC countries - oil reserves 2012-2018
- OPEC's share of global crude oil reserves from 2009 to 2018*OPEC - share of global crude oil reserves 2009-2018
- Natural gas reserves in OPEC countries from 2012 to 2018 (in billion cubic meters)*Natural gas reserves - OPEC countries 2012-2018
- OPEC's share of global natural gas reserves from 2009 to 2018*OPEC - share of global natural gas reserves 2009-2018
- Production and refinery
The most important statistics
- Total OPEC crude oil production from 1998 to 2018 (in 1,000 barrels per day)OPEC countries - oil production 1998-2018
- OPEC's share of total global crude oil production from 2009 to 2018*OPEC - share of total global crude oil production 2009-2018
- Daily production of crude oil in OPEC countries from 2012 to 2018 (in 1,000 barrels)Daily oil production output of OPEC countries 2012-2018
- OPEC's share of total global natural gas production from 2009 to 2018*OPEC - share of total global natural gas production 2009-2018
- Natural gas production of OPEC countries from 2012 to 2018 (in million cubic meters)Natural gas production - OPEC countries 2012-2018
- Total OPEC refinery capacity from 2008 to 2018 (in 1,000 barrels per day)*Total OPEC refinery capacity 2008-2018
- Refinery capacities of OPEC countries from 2012 to 2018 (in 1,000 barrels per day)*Refinery capacities of OPEC countries 2012-2018
- Oil export
The most important statistics
- OPEC (ex. Iran) net oil export revenue from 2005 to 2020 (in billion U.S. dollars)*OPEC's net oil export revenue 2005-2020
- OPEC net oil export revenue streams in 2018, by member country (in billion U.S. dollars)OPEC net oil export revenue streams by country 2018
- Global crude oil exports of OPEC countries from 2012 to 2018 (in 1,000 barrels per day)Global crude oil exports by OPEC countries 2012-2018
- Global oil exports of OPEC regions in 2018 (in 1,000 barrels per day)Oil exports - OPEC regions 2018
- OPEC oil exports from 2012 to 2018, by region of destination (in 1,000 barrels per day)*OPEC oil exports - regions of destination 2012-2018
- Member country profiles
The most important statistics
- Selected figures about the fossil fuels industry in Iran as of 2018Iran's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in Iraq as of 2018Iraq's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in Kuwait as of 2018Kuwait's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in Saudi Arabia as of 2018Saudi Arabia's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in Venezuela as of 2018Venezuela's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in Libya as of 2018Libya's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in the United Arab Emirates as of 2018UAE's fossil fuels industry select information 2018
- Selected figures about the fossil fuels industry in Algeria as of 2018Algeria's fossil fuels industry selected figures 2018
- The U.S. and OPEC
The most important statistics
- U.S. petroleum imports from OPEC countries between 2000 and 2018 (in 1,000 barrels per day)*U.S. petroleum imports from OPEC countries 2000-2018
- U.S. petroleum imports from OPEC countries as a percentage of total imports from 2000 to 2018*U.S. petroleum imports from OPEC countries as share of total imports 2000-2018
- U.S. crude oil and petroleum net imports from OPEC countries as share of consumption* from 2000 to 2017Petroleum net imports from OPEC countries: share of consumption 2000-2017
- Oil prices
The most important statistics
- Prices of OPEC Reference Basket oils from 2002 to 2018 (in U.S. dollars per barrel)Prices of OPEC Reference Basket oils 2002-2018
- Average annual OPEC crude oil price from 1960 to 2019 (in U.S. dollars per barrel)OPEC oil price annually 1960-2019
- Average monthly OPEC basket crude oil price from October 2018 to October 2019 (in U.S. dollars per barrel)Monthly average crude oil prices of the OPEC basket 2018-2019
- Projected OPEC reference basket oil price in 2016 and 2040 (in U.S. dollars per barrel)OPEC reference basket - oil price 2016-2040
- Outlook
The most important statistics
- Projected total OPEC liquids supply from 2017 to 2040 (in million barrels per day)Total OPEC liquids supply 2017-2040
- Projected OPEC liquids supply from 2017 to 2040, by type (in million barrels per day)OPEC liquids supply by type 2017-2040
- Projected OPEC oil demand from 2017 to 2040 (in million barrels per day)OPEC oil demand 2017-2040
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