The price of a barrel of Brent oil was trading, in this Monday’s session, on the London Futures Market, at US$ 88.8, up by more than 4.4 percent, with the previous value of 85, 1 USD positioning the observed rise above 3.7 USD from the opening price.
According to data from Investing.com, since 28 September, prices for a barrel of Brent, a reference for Angola’s exports, have not reached this level. On the given date, the barrel reached 89.32 dollars. In subsequent sessions, prices ranged between $88.4 and $87.9, respectively. This behavior continues to demonstrate relative stability at 80 dollars after the Brent barrel has been trading above 100 dollars for a long time.
This week there should be a meeting of the consultation mechanism of the Organization of Petroleum Exporting Countries (OPEC) and the partners led by Russia, called the non-OPEC group, with which they form the OPEC+ bloc. Angola is part of the bloc and will certainly continue to follow the evolution of the international scenario, not least because oil is still the main export product. This means that the price of the commodity in the international market has a high influence on the country’s tax revenue. In fact, the indicators from this last quarter of the year are fundamental for the preparation of the OGE 2023.
