Angola Mulls Exit From OPEC

…Plan triggers crude price fall       Angola, the second largest oil producer in Africa after Nigeria, has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC), the country’s news agency Angop reported. EnergyDay gathered that the announcement was conveyed by Angolan oil minister Diamantino de Azevedo. on Thursday, following the 10th session of the council of ministers under Angolan President Joao Lourenco. This development comes in the wake of OPEC, led by Saudi Arabia, reducing Angola’s oil output target for the upcoming year as part…

Read More