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Africa Oil Supply - April 2016

Source: OPEC 4/13/2016, Location: Africa

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Africa’s oil supply decreased by 10 tb/d y-o-y to average 2.37 mb/d in 2015 and is expected to experience a further decline of 30 tb/d in 2016 to average 2.34 mb/d. This has been revised down by 10 tb/d over the previous month’s estimation. Declines are expected from Egypt, Equatorial Guinea, Gabon and the Sudans, while production in the Congo and some other African countries is expected to grow.

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