Four of the world's main
oil exporters have agreed to freeze production to try to tackle a glut of the
commodity that has led to falling prices.
BBC
Africa Live report continues:
The
decline in the price has had a negative effect on the economies of two of
Africa's biggest oil producers, Nigeria and Angola.
Russia,
Saudi Arabia, Qatar and Venezuela say they will keep output at January levels
as long as other producers do the same.
But
Iran has already made clear that it wants to increase production following the
lifting of sanctions last month.
The announcement may
not have had the desired effect, with oil prices falling again after
news of the consensus between the four became known.
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