Angola to Leave OPEC

Angola to Leave OPEC

Updated on

This morning, local Angolan media (ANGOP) announced that the African country will be leaving the Organization of the Petroleum Exporting Countries (OPEC). Angolan Oil Minister Diamantino Azevedo confirmed the story in a presser shortly after. He said that "membership is no longer serving our interests", as 2024 production quotas were slashed by the group in a meeting earlier this month.

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