Sub-Saharan Africa Mark Istvan Ledeczi-Domonkos Sub-Saharan Africa Mark Istvan Ledeczi-Domonkos

OPEC African Members React to Cuts in Oil Exports

OPEC, the Organization of Oil Exporting Countries, will be cutting their oil exports by over two million barrels a day, a spokesman representing the organisation announced last Wednesday. OPEC is a coalition of fifteen nations that pools their oil resources in order to influence global prices, primarily by setting production quotas and export limits.

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