By NJ Ayuk – In this article the writer argues that delayed organization of the Petroleum Exporting Countries (OPEC) cuts mean opportunity for African members. Many of OPEC’s African member states had been struggling to produce enough crude to meet the targets set for them last year. Algeria and Gabon are the two African members among those volunteers. Algeria in the north is another high achiever, with production capacity that exceeds its 2024 OPEC target of 959,000 bpd. A united effort to awaken more investor interest in African oil should start now, as should cooperation among African members to present a more unified voice when the 36th OPEC meeting is held in November, 2023.

Source: News Business Ethiopia September 01, 2023 17:45 UTC