Crude Oil Production in Angola decreased to 1084 BBL/D/1K in November from 1147 BBL/D/1K in October of 2023. In December 2023, Angola made the surprise announcement that it was leaving the Organization of Petroleum Exporting Countries (OPEC) effective January 1, 2024, following a dispute over output quotas. source: Organization of the Petroleum Exporting Countries
Crude Oil Production in Angola averaged 1273.72 BBL/D/1K from 1994 until 2023, reaching an all time high of 2030.00 BBL/D/1K in March of 2010 and a record low of 503.00 BBL/D/1K in March of 1994. This page provides the latest reported value for - Angola Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola Crude Oil Production - values, historical data and charts - was last updated on June of 2026.
Crude Oil Production in Angola is expected to be 1130.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Crude Oil Production is projected to trend around 1160.00 BBL/D/1K in 2024 and 1200.00 BBL/D/1K in 2025, according to our econometric models.