Petroleum Africa
Find us on: 
Friday, April 2, 2021
The Organization of the Petroleum Exporting Countries (OPEC) and supportive non-OPEC members, collectively termed OPEC+, met on April 1 to discuss the current situation in the oil markets. The participants concluded that a production boost was in order and agreed to a cumulative output boost of more than two million in the coming months.
OPEC+, which includes Russia, the largest non-OPEC producer, will increase output in May and June by 350,000 barrels a day, and in July they will add another 100,000 barrels bringing the increase to 450,000 barrels a day.
Saudi Arabia will add one million barrels per day by July as the country separately had unilateral cuts in place from earlier this year.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
