Angola Exits OPEC Oil Cartel in Output Quota Row 

Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas. <br />Angola currently produces about 1.1 million barrels per day, of the 30 million from the whole of Opec. <br />Oil prices fell on the news, with Brent prices down over $1 to $78.5 a barrel by 12:50. <br />Mineral Resources and Petroleum Minister Diamantino Azevedo says at the moment Angola gains nothing by remaining in the organisation and, in defence of its interests, it decided to leave. <br />The minister added that the decision was not taken lightly.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>