Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil prices began their descent from $100 per barrel in 2014 as the increase in U.S. crude oil production helped push markets heavily toward the supply side. Output for members of OPEC remains robust, however, as ministers there said they expect a rebound in demand in the latter quarters of 2016. A report from the U.S. Energy Information Administration found oil export revenue for OPEC members in 2015 was a collective $404 billion, 46 percent lower than the previous year. “OPEC members’ 2015 net oil export revenue was at the lowest level since 2004, with significant […]