OPEC production levels chart

African producers face quota cuts as Saudi Arabia seeks to maintain Opec+ price pressure

In depth
Issue 486 - 06 Jun 2023 - By Jon Marks | 6 minute read

Amid a waning consensus over strategy, the Opec+ meeting in early June broke up with African members unhappy at an unwelcome squeeze on their future production while Saudi Arabia made a unilateral output cut of 1m b/d, reflecting Riyadh’s determination to shape market forces, writes Jon Marks.

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