The price of a barrel of Brent crude oil for November delivery opened this Monday at $67.27 on the London futures market, representing an increase of $0.08 compared to the opening of the previous session.
North Sea crude registered a daily minimum variation of $67.23 and a maximum of $67.35 in the previous session (Sunday), according to the specialized website Investing.com.
At this price, the so-called “black gold” remains below the $70 per barrel benchmark set in Angola’s 2025 General State Budget (OGE), which forecasts a daily production of 1.098 million barrels per day.
The Brent price is used to establish the trading value of this commodity on the international market and also serves as a reference for the oil industry and OPEC’s decisions.
Angola’s 2025 General State Budget (OGE) was prepared based on a reference price of $70 per barrel and an estimated production of 1.098 million barrels per day.
According to the monthly report from the National Agency of Petroleum, Gas and Biofuels (ANPG), the country’s oil production in July this year stood at 30,961,452 barrels, marking a 20% increase compared to the previous month, with an average daily output of 998,757 barrels/day, against the projected 1,073,542 barrels/day.
Source: Angop
