Angolan oil production increased in June, when the Sunflower vine was the third most expensive in the world, according to a report by the Organization of Petroleum Exporting Countries (OPEC) released yesterday by the international press.
The document indicates that Saudi Arabia, the United Arab Emirates, Iran and Kuwait also increased production that month, when Venezuela decreased, and that Angola’s oil was the third most expensive in the world among 13 OPEC member crudes, only overtaken by Algeria and Equatorial Guinea.
According to the document, among the 13 types of oil that make up the OPEC reference basket, the Angolan oil Girassol reached US$127.03 in June, also having the biggest increase in monthly terms (11.5 percent compared to May). .
In the first six months of 2022, Angolan oil was also among the most expensive, settling at an average price of US$109.94, against US$65.29 in the same half of 2021.
At the top of the most expensive was Algerian oil (Sahara Blend), with a barrel trading at US$128.31, followed by Equatorial Guinea (Zafiro), at US$127.10.
The average price per barrel used as a reference by OPEC reached US$117.72 in June, 3.4 percent above the previous month.
According to secondary sources cited in the report, OPEC-13’s total crude oil production averaged 28.72 million barrels per day in June 2022, 234,000 more than the previous month.
