Africa's Largest Oil Producers

  Both countries are members of OPEC, the Organization of the Petroleum Exporting Countries, and to keep oil prices at a stable point. Up to this time, however,  continued to increase their own production of oil. This is because Nigeria was exempted from cutting their oil production in the OPEC agreement.  

announced on January 8th that  Cutting their production of oil by almost five percent could have significant consequences for the country. The possibility of Angola facing unrest in their country from militant groups upset with their current economic standing similar to Nigeria is a looming possibility.

is another major African oil producer. The government announced their plan to cut their oil production immediately after the OPEC agreement was finalized.  It is likely because of the other exports that Algeria complied with the oil production cut. Many African economies are still developing and the production of oil is crucial to several of these nations. The profits made from exporting oil could be a stepping stone to a stronger position in the global economy for these African nations.