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Post-OPEC Angola: The Quota’s Gone, the Decline Isn’t
Market Intelligence Analysis
AI-Powered
Why This Matters
Angola has left OPEC after 16 years, citing unfair production quotas and a decline in oil production due to geological reasons.
Market Impact
Neutral to slightly bearish for oil prices in the short term, as Angola's departure from OPEC may lead to an increase in global oil supply. However, the long-term impact is uncertain due to Angola's declining oil production.
Sentiment
Bearish
AI Confidence
60%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
In December 2023, Angola stunned global energy markets by announcing it would leave OPEC after 16 years of membership. The decision followed months of tension over production quotas. Angola had been assigned a daily output cap of 1.1 million barrels of oil – far below what Luanda considered fair. At the time of its withdrawal, however, Angola’s production had already collapsed by almost 40% in 8 years, sliding from 1.7 million b/d to 1.1 million b/d. The decline owed less to OPEC than to geology and high government intake: mature fields…
Original article published by
OilPrice.com
on October 24, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.