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OPEC+ decides 9.7mn bpd cut, Africa lauds the decision
April 14, 2020

OPEC+ decides 9.7mn bpd cut, Africa lauds the decision

Following Mexico's refusal, OPEC+ on Easter Sunday agreed upon 9.7mn bpd of production cut. “These production adjustments are historic. They are largest in volume and the longest in duration, as they are planned to last for two years", said OPEC's Secretary-General. This decision has brought hope for the African oil producers giving them a financial boost. NJ Ayuk welcomed the decision declaring it a home run by OPEC.

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