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Namibia: Energy minister Alweendo criticises Opec countries’ oil production policies for affecting prices and inflation – News

Namibia: Energy minister Alweendo criticises Opec countries’ oil production policies for affecting prices and inflation – News

Africa Links 24 with Donald Matthys
Published on 2024-11-14 11:00:00

Minister of mines and energy Tom Alweendo has criticised the Organisation of the Petroleum Exporting Countries (Opec) and other oil-producing countries for controlling oil production in a way that affects prices.

He was speaking at the 2024 Interstate Oil Committee meeting at Swakopmund yesterday, slamming the countries’ continued policy of maintaining oil supply at market-stabilising levels.

Alweendo said these policies undermine efforts by oil-demanding nations to control…

Read the Full article on The Namibian

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