Angola reduces oil production in December 2015

22 January 2016

Angolan oil production declined in December 2015 to 1.751 million barrels per day, 17,200 barrels per day less than in the previous month, according to the monthly report from the Organization of Petroleum Exporting Countries (OPEC) published recently.

All together, the 12 OPEC countries reduced their production from November to December by 210,600 barrels per day. In total, OPEC, citing “secondary sources” in December produced 32.182 million barrels of crude oil per day.

The largest drop in production was recorded by Nigeria (-77,200 bpd) and Saudi Arabia (-57,700 barrels per day).

According to the OPEC report, China’s crude oil imports increased in November from the previous month, reaching an average of about 6.6 million barrels per day.

Angola remains one of China’s leading suppliers, although Angolan exports of crude oil fell in November, as did those of Saudi Arabia and Oman. (macauhub/AO/CN)