Wednesday 6 January 2016

AFRICA’S OIL SUPPLY TO DECLINE BY 30,000BPD IN 2016

Africa’s oil supply to decline by 30,000bpd in 2016There are indications that Africa’s oil supply would decline by 30,000 barrels per day (bpd) to average 2.31million bpd in 2016, going by the projections of the Organisation of Petroleum Exporting Countries (OPEC).

The cartel, in its 2015 World Oil Outlook, said oil production in Congo and Africa is expected to grow, while others are forecast to decline, with the exception of South Africa, which is expected to remain steady.

Read more @ Guardian Online

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