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OPEC may need to reset African quotas

 Last Update: 2022-02-18
 Source: Internet
 Author: User

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Recently, international oil prices have reached a high level

Unlike Saudi Arabia, the United Arab Emirates, Iraq and other countries that generally suppress their own oil production capacity, African OPEC members generally fail to achieve the agreed output due to various reasons, and the gap is large

So, can African countries quickly adjust and increase crude oil production? The answer is probably no.

The author believes that although Africa is rich in oil and gas resources, it is possible to continue to support the international oil and gas industry for a long time

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