The Brent crude oil, which serves as a benchmark for Angolan exports, traded lower on Wednesday 26th July, hovering around $82.80 per barrel.
Price falls by 0.40 percent This price represents approximately 0.40 percent below the previous day’s quotes when it had reached highs not seen in several months. For example, Angola, one of the major oil exporters in Africa, along with Nigeria, has set a reference price of $75 per barrel for OGE/2023, which is why price fluctuations directly impact the country’s revenues, either positively or negatively.”
