Insight
OPEC+ deal: will it impact Sub-Saharan Africa?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 12 April, OPEC+ agreed to production cuts to balance the market. Sub-Saharan African members will shoulder 15% of OPEC '10' cuts through 2020. The acute financial strain on oil-dependent African nations will make compliance difficult. This will have little impact on the global market given SSA's relatively small contribution to OPEC. However, with operators cutting 20-30% of investment, SSA production in 2020 is likely to decline regardless.
Table of contents
- Executive Summary
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What has SSA signed-up to?
- The condensate wildcard
- SSA production will be reduced anyway
- OPEC and SSA: friends with benefits?
Tables and charts
This report includes the following images and tables:
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Agreed oil supply in 2020 for SSA members
What's included
This report contains:
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