Tuesday, September 26, 2023
  • Login
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Business

Africa’s petroleum producers back OPEC+ production cut

by SAT Reporter
October 8, 2022
in Business
0
Africa’s petroleum producers back OPEC+ production cut
0
VIEWS

The African Petroleum Producers’ Organization (APPO) announced Thursday it supports the recent decision by the Organisation  of Petroleum Exporting Countries (OPEC) and some non-OPEC oil-producing countries to cut overall oil production by two million barrels per day.

Omar Farouk Ibrahim, the APPO Secretary General, said in a statement reaching SAT that it is “a decision well taken”, as he believes “it is the right thing to do to save the industry and also to ensure that there is stability for today and tomorrow.”

“Every country has a responsibility to protect the interests of its citizens, and if by reducing production, they see it as serving their best interests, so be it. When developed countries make decisions, they don’t sit and think about how they are going to affect developing countries. The interests of their citizens are paramount,” Ibrahim said.

The statement said the decision by OPEC was made following the OPEC and non-OPEC ministerial meeting on Wednesday, noting it would reduce overall production by two million barrels per day starting from November.

It said the adjustment was being made in light of the uncertainty that surrounds the global economy and oil market outlooks and the need to enhance the long-term guidance for the oil market.

Tags: africaAfrica and RussiaAPPOoil and gasPetroleumRussiaUkraine
Previous Post

South Africas export industry impacted by transport employees’ strike

Next Post

South Africa’s Jacob Zuma set free after prison term ends

SAT Reporter

Related Posts

CEO Bob van Dijk Steps Down as Prosus and Naspers Unwind Tencent Holdings in Restructuring Move
Business

CEO Bob van Dijk Steps Down as Prosus and Naspers Unwind Tencent Holdings in Restructuring Move

by SAT Reporter
September 19, 2023
South African Agriculture Navigates Challenges for Global Growth
Business

South African Agriculture Navigates Challenges for Global Growth

by SAT Reporter
September 14, 2023
Uber Launches Electric Motorbike Service in Kenya
Business

Uber Launches Electric Motorbike Service in Kenya

by SAT Reporter
September 3, 2023
Namibia Opens Electricity Market to Independent Power Producers
Business

Namibia Opens Electricity Market to Independent Power Producers

by SAT Reporter
August 29, 2023
JP Markets Returns to the South African CFDs Market with ODP License
Business

JP Markets Returns to the South African CFDs Market with ODP License

by SAT Reporter
August 25, 2023
Next Post
South Africa’s Jacob Zuma set free after prison term ends

South Africa's Jacob Zuma set free after prison term ends

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • All News
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • CRYPTOCURRENCY
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Economy
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • GABON
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Niger
  • niger
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Opinion
  • Politics
  • Property
  • Racism
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sudan
  • Sustainablity
  • Tanzania
  • Technology
  • Telecommunications
  • The Power Of She
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments african markets African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist