Africa’s Busiest Oil Industry Is Running Hard to Stand Still

  • Algeria struggles to boost output as it intensifies drilling
  • Nation keeps lobbying for OPEC action to boost crude prices

How Sustainable Is the Oil Rally?

Algeria has more drilling rigs than the rest of Africa combined, yet oil production still isn’t recovering after years of decline. It’s little wonder the nation remains one of the most vocal supporters of action to increase prices by curbing output at the OPEC meeting next month.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.