Angola has decided to leave Opec, the country's state-run news agency reported today citing energy minister Diamantino Azevedo.
No further details were immediately available.
Angola, the second largest oil producer in Africa, has been a member of Opec since 2007. It recently publicly objected to the latest iteration of the Opec+ production deal, which left it with a production ceiling of 1.11mn b/d in 2024.
Argus estimated the country's crude output at 1.16mn b/d in November, and it has endured years of output decline.
