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

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16 April 2020

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

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
    • 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?

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