Angola’s Withdrawal from OPEC Sparks Reaction from Stakeholders

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Angola has decided to leave OPEC, citing that its membership was not serving the country’s interests. While the impact on oil supplies is expected to be minimal, analysts question the unity of the group. Reactions to the decision are varied, with some stating that Angola’s exit is symbolic but not impactful on OPEC’s market power or global oil supply. Others believe it shows a lack of consensus within OPEC and may lead to further discontent within the alliance. Overall, the consensus is that the impact on the oil market will likely be marginal, but the decision raises concerns about OPEC’s cohesion and compliance with agreed cuts.

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