oil revenue
Petroleum sales proceeds
Oil revenue is income derived from the extraction and sale of petroleum.
Governments of oil-producing nations depend heavily on oil revenues to fund public services and budgets: The country's oil revenues have declined sharply since prices crashed.
The term often appears in discussions of resource-dependent economies and sovereign wealth funds.
- crudeUnpolished, raw state
- OPECPetroleum exporters' coalition
- cashReady spending funds
- resource curseMineral wealth hindering development
- petrodollarRevenue from crude exports
trade balance · taxation · energy security · windfall · boom and bust · subsidies · fiscal policy · gross domestic product · asset management · budget deficit · public investment · black gold · national budget · Saudi Arabia · Saudi · drilling rigs · offshore · market
- AlaskaFairbanks, Juneau, Denali, Sitka, Kodiak
- IraqBaghdad, Basra, Mosul, Fallujah, Kurdistan
- oil industrypetroleum, crude, drilling, drilling rig, refineries
- Oil Marketspetroleum, OPEC, crude, spot price, refinery
- oil tradepetroleum, barrels, OPEC, supertankers, VLCC
- Alaska Governmentstate legislature, state senate, state house, legislature, governor