Tag Archives: Qatar

Angola, A Vital Member, Defects From OPEC. Now What?

Angola, the world’s 17th largest oil producer and the second largest producer in Africa after Nigeria, has left the organization following a lengthy disagreement over quotas. Only a few hours after this announcement, crude oil prices dropped by over a dollar as markets anticipated Angola’s state-owned oil company, Sonangol, to increase production. Angola now joins

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