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Angola Q2 Crude Exports up 6.8% Versus Q1

OIL

Angolan crude oil exports rose to 94 million barrels in Q2, averaging $76.198/bbl, according to Bloomberg.

  • China was the largest buyer, taking 54.7% of all shipments, up from 47.9% in Q1.
  • Over the same period, Angolan imports fell by 18% from Q1 levels to 632 million mt of refined products.

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