Oil Market: Africa facing new turbulence [Business Africa] 4 hours ago 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. The situation is being driven in part by tensions in the Middle East and disruptions around the Strait of Hormuz. Another major development is the withdrawal of...
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