As volatility from the Ukraine conflict roils oil markets, the 13-member Opec group is looking ahead to its highest annual export revenues in eight years for 2022. Even if prices cool slightly from their year-to-date figure, revenues should climb to their highest level since 2014, and if they rise further, they could even top the $1 trillion mark.
It’s a far cry from 2020 when export revenues sank to a 17-year low of just $321bn (MEES, 1 October 2021). (CONTINUED - 1178 WORDS)
