Angola: Angolan oil output rises in July
Brent crude oil prices averaged USD 84.05 per barrel in July, up 1.4% from June. On 31 July, the commodity...
Oil Production in Angola
The economy registered an average oil production of 1.49 million barrels per day in the decade to 2022. In 2022, oil production was 1.14 million barrels per day.
Angola Oil Chart
Note: This chart displays Oil Production (mn barrels per day, aop) for Angola from 2020 to 2019.
Source: Macrobond.
Angola Oil Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Oil Production (mn barrels per day, aop) | 1.42 | 1.24 | 1.11 | 1.15 | 1.10 |
| Brent Oil Price (USD per barrel, aop) | 64.1 | 43.3 | 70.9 | 98.8 | 82.0 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Angolan oil projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable oil forecast available for Angolan oil.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Angolan oil projections.
Want to get access to the full dataset of Angolan oil forecasts? Send an email to info@focus-economics.com.
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