OPEC’s full-year 2016 oil export revenues will probably fall 15 percent, down for the third straight year and possibly the lowest in more than a decade before rising in 2017, the U.S. Energy Information Administration (EIA) said on Wednesday. Members of Organization of the Petroleum Exporting Countries (OPEC), including Iran, will likely earn about $341 billion in 2016, about 15 percent below 2015 levels, based on projections of global oil prices and the group’s production levels, the U.S. government’s EIA said in a report. The last time OPEC’s export revenues fell for three years straight was 1983-86. At the projected level, OPEC’s 2016 export earnings would be the lowest since 2004, when it earned about $295 billion Early in 2016, oil prices touched 12-year lows before staging […]