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Analysis: Nigeria and Angola responsible for almost half of OPEC+ oil supply gap

Published by
Reuters UK

By Alex Lawler, Julia Payne and Ron Bousso LONDON/LAGOS (Reuters) – Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known as OPEC+, pumped 1.45 million barrels per day (bpd) – equal to 1.5% of world supply – below its target in March, the OPEC+ figures seen by Reuters show. According to the figures, Angola was responsible for almost 300,000 bpd of the OPEC+ supply shortfall while Nigeria was pumpi…

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