Angola Unwilling To Compensate For Loose Compliance With OPEC+ Deal

Angola is not too keen to compensate for its loose compliance with the OPEC+ cuts by making deeper production cuts in Q3, Reuters reported on Thursday, citing sources in the industry and OPEC. OPEC’s top producer and de facto leader, Saudi Arabia, has been trying for weeks to persuade the laggards in the OPEC+ deal – namely Iraq, Nigeria, Angola, and Kazakhstan – to cut production in July, August, and September more than they are supposed to, in order to compensate for their failure to fully comply with the agreement…