Browsing: Oil producing countries in Africa

The decision by the Organization of the Petroleum Exporting Countries and allies (OPEC+) to steep oil production cuts, has shoved the energy market in a conundrum that could very well push the global economy into a recession.

This was among the resolutions passed during the recently held 45th Meeting of the Joint Ministerial Monitoring Committee (JMMC), and the 33rd OPEC and non-OPEC Ministerial Meeting that took place in person for the first time since the pandemic, at the OPEC Secretariat in Vienna, Austria. OPEC+ announced that starting November, it would reduce oil production by 2 milli...

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