The Latest Breaking News from Angola

Dollar Weakness Sparks Mild Short-Covering in Crude Oil

January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....

Barchart · Dec 7, 2023

Crude Prices Sink on Global Oversupply Worries

January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart · Dec 6, 2023

Crude Prices Plunge on Concern About Excess Global Oil Supplies

January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart · Dec 6, 2023

Crude Prices Slump on Skepticism About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Friday closed down -1.57 (-2.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0547 (-2.51%). Crude oil and gasoline prices Friday gave up an early advance and sold off, with crude falling to a 1-week low. Crude prices were under pressure on negative...

Barchart · Dec 1, 2023

Crude Moderately Higher on Dollar Weakness and Lower OPEC Crude Production

January WTI crude oil (CLF24 ) this morning is up +0.50 (+0.66%), and Jan RBOB gasoline (RBF24 ) is up +0.0172 (+0.79%). Crude oil and gasoline prices this morning are moderately higher. Weakness in the dollar is underpinning energy prices. Crude also found support today after a gauge of Chinese...

Barchart · Dec 1, 2023

Biden Meets Angolan Leader As US Aims To Counter China In Africa

President Joe Biden and his Angolan counterpart Joao Lourenco met at the White House on Thursday to discuss infrastructure and regional security, as the United States seeks to counter China's growing influence in Africa.

International Business Times · Nov 30, 2023

Crude Prices Fall on Market Doubts About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Thursday closed down -1.90 (-2.44%), and Jan RBOB gasoline (RBF24 ) closed down -0.0715 (-3.18%). Crude oil and gasoline prices on Thursday gave up early gains and sold off sharply after OPEC+ said it would cut its crude production level by -1.0 million...

Barchart · Nov 30, 2023

Will OPEC+ Deepen its Crude Oil Production Cuts?

OPEC+ members are meeting virtually today to discuss crude production levels. Several delegates have said the group is discussing additional output cuts of about 1 million bpd. The monthly meeting of OPEC+ was pushed back to today from last Sunday as a rift developed among OPEC+ members regarding crude production...

Barchart · Nov 30, 2023

Kim Jong-un closes slate of North Korea’s embassies as sanctions bite

Regime can no longer afford all its diplomatic missions, including some to longtime allies such as Angola where it has maintained ties since 1975

The Guardian - AU · Nov 10, 2023

Bridging an ocean, Angolan king visits Brazilian community descended from slaves

Residents in a Brazilian community descended from runaway slaves ini Rio de Janeiro have welcomed the visiting monarch of the Bailundo kingdom in Angola, where many of the residents trace their ancestry

The Independent UK · Nov 8, 2023