According to official US data, there is a strong oil prices improvement in the UAE's crude export earnings by near about $15 billion in the first 11 months of 2010. However it is estimated that its full year income is far lower than its record high income in 2008.
There is an also increase in the oil income of the 12-nation Organization of Petroleum Exporting Countries (OPEC). It increased about $168 billion all through the January-November period. It could lead to be its second highest level in the assembly of 50-year history.
The Energy Information Administration (EIA) of the US Department of Energy showed the data that the UAE's basic export earnings rose at around $61 billion in the first 11 months of this year. Last year in 2009 it was $46 billion.
This was the highest income of the UAE till now. It is expected that he earnings to climb to their second highest level during 2010. In year 2008 it was near about $91 billion and the average crude prices heighted above $95.
Analysts said that the revenue of the UAE could be around $65 billion in 2010, far lower than the 2008 level because oil prices are planned to average much lower.
