Angola`s Oil Output Above OPEC Quotas

Monday, October 12, 2009

Angola’s oil output was 1.6 million barrels a day last month, according to a Bloomberg survey of analysts, traders and producers. That is 103,000 barrels a day over their OPEC quota.

“It’s unlikely that you’ll get 100 percent compliance, given the lift we’ve seen in oil prices there is a greater incentive to cheat on those quotas.”


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