Brent crude oil prices averaged USD 84.05 per barrel in July, up 1.4% from June. On 31 July, the commodity...
Oil Production in Angola
The economy registered an average oil production of 1.49 million barrels per day in the decade to 2022. In 2022, oil production was 1.14 million barrels per day.
Angola Oil Chart
Note: This chart displays Oil Production (mn barrels per day, aop) for Angola from 2020 to 2024.
Source: Macrobond.
Angola Oil Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Oil Production (mn barrels per day, aop) | 1.24 | 1.11 | 1.15 | 1.10 | 1.13 |
| Brent Oil Price (USD per barrel, aop) | 43.3 | 70.9 | 98.8 | 82.0 | 79.7 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Angolan oil projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable oil forecast available for Angolan oil.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Angolan oil projections.
Want to get access to the full dataset of Angolan oil forecasts? Send an email to info@focus-economics.com.
Latest Global Commodities News
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Angola: Angolan oil output rises in July -
Kuwait: Kuwait crude output falls more sharply year on year in July Kuwait oil output was roughly stable in July from June at 2.42 mbpd (million barrels per day), marking the joint-lowest... -
Nigeria: Nigerian oil production rises in July Brent crude oil prices averaged USD 84.05 per barrel in July, up 1.4% from June. On 31 July, the commodity... -
Saudi Arabia: Saudi crude output still weak in July; Brent prices rise Brent crude oil prices averaged USD 84.05 per barrel in July, up 1.4% from June. On 31 July, the commodity... -
UAE: UAE crude output remains downbeat in July; Brent prices increase Brent crude oil averaged USD 84.05 per barrel in July, up 1.4% from June. On 31 July, the commodity traded... -
Angola: Angolan oil output rises in June Brent crude oil prices averaged USD 82.92 per barrel in June, down 0.2% from May. On 28 June, the commodity... -
Kuwait: Kuwait crude output continues to fall year on year in June Kuwait oil output was stable from May at 2.43 mbpd (million barrels per day) in June, marking the joint-lowest reading...