African countries will reduce oil production together with OPEC+

The States that are members of the African organization of oil producers (APO) has decided to support OPEC+’s efforts to stabilize the market and reduce their production. This is reported on the Twitter page of the Secretariat of the Organization of petroleum exporting countries.

Details about the size of the reduction are not provided.

From the OPEC statement: “APO member countries that did not participate in the OPEC+ deal also committed to contributing to global efforts to stabilize the oil market and adjust their daily production.”

Earlier it became known that OPEC agreed+ measures suggest a decline in total production of 23 countries of the Alliance at 10 million barrels per day from October 2018 in May-June, 8 million in the second half of the year, then to 6 million.

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