OPEC+ Decides to Cut Oil Production Amid 2024 Surplus Forecast
Following a decline in oil prices, OPEC+ recently made a crucial decision to agree on reducing oil production.
December 1, 2023Section
Angola News in English
Angola news in English from The Rio Times — Luanda politics, oil, diamonds and economy.
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Angola Asserts Independence in OPEC+ Oil Quota Dispute
Angola's representative to OPEC announced that the country has rejected the oil production quota proposed by the organization for 2024.
November 30, 2023
Brazil Enhances Its Oil Market Role with OPEC+ Membership
As confirmed by an insider, Brazil's upcoming OPEC+ membership in January 2024 signals a significant shift in global oil politics.
November 30, 2023
OPEC+ Navigates Oil Production Dilemmas, Eyes on Angola and Nigeria
OPEC+ met on Thursday to resolve a deadlock on oil production quotas, debating further reductions to stabilize falling oil prices.
November 30, 2023
Debt Challenges for The Gambia and Mozambique’s State Firms
The World Bank has flagged The Gambia's and Mozambique's state-owned enterprises (SOEs) as a financial hazard to the nation's economy.
November 29, 2023
Angola’s Kwanza: A Period of Growth Amidst Instability
Analysts at the Economist Intelligence Unit (EIU) predict that the Kwanza, Angola's currency, will remain unsteady from 2024 to 2028.
November 28, 2023
Angola Faces Inflation Hike and Interest Rate Adjustments
Oxford Economics projects Angola's inflation to increase, reaching 18% by the end of this year and 20.3% in early 2024.
November 25, 2023
TAAG Expands Angola-Brazil Flights for Enhanced Connectivity
TAAG, Angola's national airline, is set to increase its weekly flights between Luanda and São Paulo to six starting December...
November 24, 2023
Angola Central Bank Hikes Interest Rate to Combat Inflation
In the latest Africa news, Angola's central bank has increased its benchmark interest rate to 18%, a rise from the...
November 22, 2023