Oil revenues refer to the income generated from the extraction and sale of crude oil. Countries rich in oil resources often rely on these revenues to fund their economies, support public services, and invest in infrastructure. The price of oil in the global market significantly impacts the amount of revenue a country can earn. Governments typically collect oil revenues through taxes, royalties, and fees paid by oil companies. These funds can be crucial for national budgets, especially in nations where oil is a primary export. However, fluctuations in oil prices can lead to economic instability if a country depends heavily on this source of income.