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Angola Intends to Stay in OPEC+ for Now

OIL

Angola’s OPEC governor Estevao Pedro quashed any rumors about the country leaving OPEC+ over the latest spat with the group surrounding its tighter 2024 proposed production quotas.

  • “There’s no thinking in that direction” at the moment, Angola’s OPEC governor Estevao Pedro said by phone to Bloomberg.
  • See attached chart by Platts indicating pressure African nations face on quotas. The dispute involves the African big hitters Nigeria and Angola.



Source: Platts

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