Luanda/London | Angola says it will leave OPEC, in a blow to the Saudi-led oil producer group that has sought to rally support for further output cuts to prop up oil prices.
Angola’s Oil Minister, Diamantino Azevedo, said on Thursday (Friday AEDT) the Organisation of the Petroleum Exporting Countries no longer served the country’s interests. It joins other mid-sized producers Ecuador and Qatar that have left OPEC in the last decade.