African Oil Producers to Readjust Fuel Production in Line with OPEC Advisory
20 Apr 2020 by Prachi Kothari
The African Petroleum Producers Organization (APPO) has committed to readjusting daily crude oil production to 10 million barrels a day, with effect from May 1, 2020.
A new limit has been set by the Organization of the Petroleum Exporting Countries (OPEC+) nations to stagger crude oil production until the end of April 2022 in a bid to stabilise global oil markets.
OPEC+ has suggested adjusting production to 10 million barrels a day from May 1 till June 30 and further reducing it to 8 million barrels a day until the end of this year.
