Africa’s Oil Production Is Set to Decline Next Year ...Middle East

Africa’s oil production is set for a gradual decline in 2024, the African Energy Chamber said in a new report on the industry this weekend. The chamber forecasts “relative calm” in the global oil market for the remainder of 2023, NJ Ayuk, Executive Chairman of the African Energy Chamber, wrote. “For now, the wild extremes of the pandemic era appear to be behind us,” Ayuk said, but noted that declining oil production in Africa is not welcome news for the African oil-producing nations. “The State of African Energy…

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