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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Angola quit OPEC as its quota limits hurt the country’s plans to stabilise crude output above 1m b/d, according to a top official cited by Bloomberg.
- “This organization no longer aligns with Angola’s values and interests,” Mineral Resources Minister Diamantino Azevedo said in a speech in Luanda on Jan. 02.
- Angola saw its output fall by 40k b/d to 1.1m b/d in December, according to a Bloomberg survey. Its output briefly dropped below 1m b/d in 2023.
- Its national petroleum industry has since launched an investor roadshow and offered a series of licensing rounds to auction blocs, hoping to gather investments to raise production. Production has been hampered by many years of underinvestment.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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