oil revenues
Petroleum export income
Oil revenues are the income a government or company receives from selling crude oil or petroleum products.
For oil-producing nations, these revenues often constitute the majority of government income, funding public services and infrastructure: The country's budget depends heavily on oil revenues.
Fluctuations in global oil prices can dramatically affect economies built around this single resource.
- black goldSlang for petroleum
- drilling operationsExcavation for subsurface access
- royaltiesOngoing payments to creators
- profit marginsPercentage kept from sales
- taxationCompulsory government revenue collection
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