oil production

Based on the Organization of the Petroleum Exporting Countries (OPEC) monthly report for February, African countries in aggregate performed better in oil production for January than their output for December in 2022. The report also highlighted some interesting figures, including the revision of some prior economic forecasts, and the revision of projected oil performances for the year 2023. Given the better-than-expected 2022 second-half (2H22) economic performance in numerous essential economies, the world economic growth prediction for 2022 has been revised up slightly to 3.1%. The global economic growth prediction for 2023 has also been revised up slightly to 2.6%, with…