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Angola’s oil production continues to fall

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Angola’s oil output fell again in March, with Nigeria, meanwhile, increasing its production and strengthening its oil production leadership in Africa, according to the monthly oil market report for April from the Organization of Petroleum Exporting Countries (OPEC).

The direct communication figures showed that Angola’s output fell by 2,000 barrels per day (bpd) to 1.496 million bpd, while Nigeria’s increased by 50,300 bpd to 1.686 million bpd, a difference of 190,000 bpd.

The table based on secondary sources showed that Angola’s production fell by 81,700 bpd to 1.524 million bpd, while Nigeria’s increased by 18,300 bpd to 1.810 million bpd, a difference in this case of 286,000 bpd.

In February, the latest month for which the report publishes data, Angola remained one of China’s top oil suppliers, in third place with a 12% share, surpassed only by Russia with 16% and by Arabia Saudi, with 14%.

The report also said that in February Angolan sales to China fell by 128,000 bpd, Russia’s by 18,000 bpd, while Saudi Arabia’s sales increased by 198,000 bpd.

Source: Macauhub

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