OPEC could gain clout if Angola wins entry: addition of rising exporter would mark Africa's rise as a global energy power

Article Abstract:

Angola has expressed interest in joining the Organization of the Petroleum Exporting Countries. Angola's petroleum output is rising, accounting for 1.6% of the world's daily total. If Angola joins OPEC, the cartel's international power could increase.

Market information - general, Production data, Angola, Exports, Supply and demand, Membership, Cartels

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OPEC output boost doesn't seem likely: oil ministers still may cut production by reining in breaches of cartel's quota

Article Abstract:

OPEC officials have no current plans to boost production, maintaining higher oil prices. Concerns that a seasonal demand decrease may require curbing some members' overproduction that exceeds the OPEC-established quota.

Production management, Commodity & service prices, Middle East, Prices and rates, Company pricing policy

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