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Oil Market: Africa facing new turbulence [Business Africa]

7 May 2026, 13:02 GMT By editorial@africanews.com (Yasmina El Abbasy)
Oil Market: Africa facing new turbulence [Business Africa]
Credit: editorial@africanews.com (Yasmina El Abbasy)

Across Africa, economies remain closely tied to the oil market. OPEC and its allies recently announced a production increase of 188,000 barrels per day, though the move remains largely symbolic, as actual output still falls below quotas.