Angola’s Oil Output Slips Below 1 Million Bpd in a First Since OPEC Exit

Angola failed to meet government forecasts for oil production in July as its crude output slipped below 1 million barrels per day (bpd) for the first time in two and a half years and for the first time since one of Africa’s biggest oil producers quit OPEC. Angola’s oil production averaged 998,757 bpd in July, compared to the expected output of 1,073,542 bpd, data by the National Agency for Petroleum and Gas, ANPG, has shown.        Last month saw the first time since March 2023 that Angola’s oil output…