Angola is resisting pressure from Saudi to comply fully with the OPEC cuts, saying they would not compensate for its overproduction in July-September like the rest of the countries but would be able to in October-September, according to sources
Analysis details (12:02)
Note:
- Angola was deemed a laggard in terms of compliance under the OPEC+ pact
-
Overnight it was reported that Saudi Arabia threatened to ignite an oil price war in recent weeks if other OPEC countries do not adhere to their quotas, according to delegates. (WSJ)
02 Jul 2020 - 11:57- Energy- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts