Africa Links 24 with Namibia Press Agency
Published on 2025-09-12 18:00:00
Global oil supply hit a record high in August as the Organisation of the Petroleum Exporting Countries (Opec+) and other countries ramped up production, with a looming surplus keeping prices in check.
The International Energy Agency announced this on Thursday.
Eight key members of the Opec+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in recent years.
The cartel announced another production hike on…
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