EIA: Lowest profits for OPEC oil export since 2010

The OPEC member states, excluding Iran, will in 2014 earn around USD 700 billion on oil exports, 14 percent less than in 2013 and the lowest profit levels since 2010, says the EIA in an analysis.

Photo: ritzau/Hasan Jamali/AP

The OPEC nations, excluding Iran, can look forward to lower earnings from net oil exports in 2014, according to a new analysis by the US Energy Information Administration, EIA.

The countries will earn around USD 700 billion this year, a 14 percent decline compared to 2013 earnings and the lowest level for the group since 2010.

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