Azerbaijan, Baku, 14 March / Trend corr A. Badalova/ The U.S. Energy Information Administration (EIA) forecasts a 10% drop in OPEC's revenues in 2009. According to the EIA, revenues from net oil export of the OPEC countries will drop by $97bln to $830bln in 2009 from $927bln of 2008.
According to the EIA analyst Tancred Lidderdale, decrease in OPEC's revenues will be caused by expected drop in the oil prices, as well as dipping OPEC oil supplies.
"Our forecast for total OPEC supply shows a 0.7 percent decline in 2009.The average price of imported crude oil will decline by 8.4 percent in 2009," Lidderdale told Trend on 14 March. The price for imported oil will drop by $7.38/barrel to $79.93 in 2009 from $87.31/barrel.
According to the EIA forecasts, total volume of OPEC oil supplies in 2009 will amount to 37.09mln barrel/day, while the figure for 2008 is 37.35mln barrel/day. OPEC oil production will rise in 2009 by 0.79mln barrel/day to 35.14mln barrel/day, while the figure for 2008 is 34.35mln barrel/day. High oil production will take place in the Saudi Arabia, Angola and UAE.
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