Equatorial Guinea Rewrites Oil Law After 85% Production Collapse
Equatorial Guinea will approve a new hydrocarbon law on Monday after crude production collapsed to 20,000 bpd in September from roughly 140,000 bpd in 2020. The 120,000-bpd loss has reduced OPEC’s smallest producer to a fraction of its former output.
Original · OilPrice.com AI summary of public reporting
Why: Equatorial Guinea oil output collapse → tighter OPEC supply
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At publication → CurrentBRENTOIL105.48 → 106.04+0.5%