Negotiations for oil deliveries in November concluded on Friday at $69.17 per barrel, surpassing the $65 per barrel reference price set in Angola’s 2024 General State Budget (OGE) by $4. The 2024 OGE reduced the reference price from $75 in 2023, reflecting a $10 decrease.
From January to the end of July, oil prices consistently remained above $75, at times approaching $100 per barrel.
