Angola cuts oil production in line with OPEC deal

Dhwani Mehta FXStreet

Angola announced on Sunday that it will produce 1.673 million bpd to meet the cut approved by the OPEC to prop-up oil prices.

The announcement was made by the National Fuel Society of Angola (SONANGOL), noting that the country should stop pumping about 78,000 barrels a day as part of his contribution to the OPEC output cut agreement reached last month.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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