Angola cuts oil production in line with OPEC deal

Angola announced on Sunday that it will produce 1.673 million bpd to meet the cut approved by the OPEC to prop-up oil prices.

The announcement was made by the National Fuel Society of Angola (SONANGOL), noting that the country should stop pumping about 78,000 barrels a day as part of his contribution to the OPEC output cut agreement reached last month.