Angola to cut production by 261,000 barrels of oil per day - Plataforma Media

Angola to cut production by 261,000 barrels of oil per day

In 2021, Angola should set the level of oil production at one million and 267 thousand barrels per day (mb / d), reducing 267 thousand barrels daily, according to an OPEC adjustment table, attached to the decisions of the meeting held on 3 December in Vienna, Austria

According to the table, the reduction of 261 thousand b / d should affect a reference production in the country, estimated at 1.5 million 528 thousand barrels per day. If the country’s production grows, it cannot exceed this maximum (1.528mb / d), as well as cuts (261mb / d).

With the cuts planned for 2021, world oil production is expected to amount to 36.653 million barrels per day, with a reduction of 7.200 million per day. Without cuts, the world production forecast for the year ahead is estimated at 43.853 mb / d.

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