The data describes OPEC's net oil export revenue from 2005 to 2017, with projected figures for 2018 and 2019. OPEC's net oil export revenue was forecast to reach 686 billion USD in 2019. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries.
OPEC oil productionOPEC stands for the Organization of Petroleum Exporting Countries and includes countries located in Africa, South America, the Middle East, and Southeast Asia. Currently, the organization has 13 member countries. The formation of OPEC marked a shift away from large multinational company market control to a primarily state-based control of natural resources.
