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Angola Crude Loadings For August Revised To 1.08mbpd

OIL

Angola is scheduled to ship a revised 1.08mbpd of crude oil in August, down from a revised 1.21mbpd in July but an increase from the preliminary schedule of 1.045mbpd according to Bloomberg.

  • The August plan includes 35 shipments carrying a combined volume of about 33.39mbbl. The final schedule added one shipment of Cabinda for early-August deferred from late July.
  • Angola’s crude oil production stood at 1.11mbpd in May, compared with its target of OPEC 1.46mbpd according to IEA’s Monthly Oil Market Report.
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