Tuesday, November 29, 2022
HomeNewsAfricaOPEC+ production cuts may add additional stress to African oil importers

OPEC+ production cuts may add additional stress to African oil importers

An announcement by OPEC+ to cut production targets by 2 million barrels a day will be “extremely negative” for African economies, says Rita Babihuga-Nsanze, chief economist and head of research and strategy at the Africa Finance Corporation.  

“Even countries that typically pass much of the oil price increase to their consumers will have to limit this, given the high rate of inflation and the cost of living crisis,” says Babihuga-Nsanze.

Your browser could not fetch this story

If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments