Insight

OPEC+ deal: will it impact Sub-Saharan Africa?

Get this report*

$1,350

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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
    • The condensate wildcard
  • SSA production will be reduced anyway
  • OPEC and SSA: friends with benefits?

Tables and charts

This report includes 1 images and tables including:

  • Agreed oil supply in 2020 for SSA members

What's included

This report contains:

  • Document

    OPEC+ deal: will it impact Sub-Saharan Africa?

    PDF 838.41 KB