Angola: Cabinda oil price rises in December
January 18, 2017
The average price of Angola’s Cabinda oil recovered in December, reaching USD 53.3 per barrel, which was 46.3% higher than the same month of the previous year. In December, Angola’s oil production remained flat at 1.7 million barrels per day (mbpd).
More recently, on 17 January the price of Angola’s Cabinda oil was USD 54.5 per barrel, which was 0.9% higher than the same day of December and 102.3% higher than on the same day last year. On a year-to-date basis, Cabinda oil prices have dipped 0.6%.
Author: Oliver Reynolds, Economist