Ver Angola


Angola's oil was the third most expensive in the world in June

Angola's oil was the third most expensive in the world among 13 crudes from the members of the Organization of Petroleum Exporting Countries (OPEC), only surpassed by Algeria and Equatorial Guinea.


According to OPEC's monthly report published this week, among the 13 types of oil that make up the OPEC's reference basket, the Angolan Sunflower crop reached 127.03 dollars in June, also having the highest monthly increase (11.5 percent compared to May).

In the first six months of 2022, Angolan oil was also among the most expensive, settling at an average price of 109.94 dollars (65.29 dollars in the same semester of 2021).

At the top of the most expensive was Algerian oil (Sahara Blend), with a barrel trading at 128.31 dollars, followed by Equatorial Guinea (Zafiro), at 127.10 dollars.

The average price per barrel used as a reference by OPEC reached 117.72 dollars in June, 3.4 percent above the previous month.

According to secondary sources cited in the report, OPEC-13's total crude oil production averaged 28.72 million barrels/day in June 2022, 234,000 more than the previous month.

Crude oil production increased mainly in Saudi Arabia, the United Arab Emirates, Iran, Kuwait and Angola, while production in Libya and Venezuela declined.


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