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Angola’s Crude Exports Scheduled To Fall In March

Oil

Angola’s crude oil exports in March are set to slip to 1.51M b/d, down from 1.65M b/d in February, Reuters reports, citing loadings schedules. The total number of barrels (46.9M vs 46.2) is expected to be higher in March but the fewer number of days in February has led to a fall in the b/d figure. Angola’s state-oil firm Sonangol said in early January that it had reduced output by the 78K b/d required (to a total of 1.67M b/d) as part of an agreement between OPEC and non-OPEC producers.