Page 107 - Luanda News Today

LUANDA/LONDON (Reuters) -Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola's oil minister Diamantino Azevedo said the Organization of the Petroleum Exporting Countries no longer served the country's interests. It joins other mid-sized producers Ecuador and Qatar, which have left OPEC in the last decade.

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartels decision last month to further slash output next year.

LUANDA/LONDON: Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is...

Angola is leaving the Organization of the Petroleum Exporting Countries because membership is not serving its interests, oil minister Diamantino Azevedo said Thursday.

Move shrinks oil cartel to 12 nations

Angola announced it’s leaving OPEC following 16 years of membership amid a dispute over oil production quotas, while the cartel tries to buoy global prices.

Angola is one of the largest oil exporters in Sub-Saharan Africa, alongside Nigeria.

London: Angola, Africa’s second biggest oil producer, has said it is leaving Opec after disagreements over its production targets, delivering a blow to the oil cartel chaired by Saudi...

Angola set to quit Opec over oil production quotas disagreement

Oil edged lower as traders weigh surging US production against disruption in the OPEC cartel and the threat of ship attacks in the Red Sea.