OPEC revenue drops 40% in 2009, reserves climb 4% – Friday Fuel Watch

OPEC has published its 2009 annual report, revealing a massive decline in the value of oil exports from OPEC nations, as well as a 4% rise in the cartel’s oil reserves. [698 words]

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This report contains the following subheadings:

• Oil rallies to USD75 per barrel

This report contains the following charts and tables:

• OPEC oil reserves by nation
• Average monthly spot prices for selected crudes, 2009
• OPEC crude oil production (1,000 barrels per day)
• Oil demand growth, 2009
• Global oil consumption, 2009
• 2009 regional refining margins
• Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore: Feb-2010 to Jul-2010
• Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore vs Crude Spot price (WTI, USD per barrel): 29-Jun-2010 to 07-Jul-2010