Africa’s oil producers impacted by OPEC production cut

Africa’s oil producers impacted by OPEC production cut

Africa’s oil producing nations have not been spared the impact of the global decision to reduce oil output. About 14 countries in sub-Saharan Africa produce oil, which accounts for most of their annual export income.

Crude oil prices rose marginally on Friday (May 1) as the Organization of Petroleum Exporting Countries (OPEC) and their allies started reducing output.

Major producers in April agreed to a production cut deal by 10 million barrels a day in May and June. The record production cut…
READ MORE : http://www.africanews.com/2020/05/03/africa-s-oil-producers-impacted-by-opec-production-cut

Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.

Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews

Tecla Chandata

Leave a Reply

Your email address will not be published. Required fields are marked *