In 2021, Angola should set the level of oil production at one million and 267 thousand barrels per day (mb / d), reducing 267 thousand barrels daily, according to an OPEC adjustment table, attached to the decisions of the meeting held on 3 December in Vienna, Austria
According to the table, the reduction of 261 thousand b / d should affect a reference production in the country, estimated at 1.5 million 528 thousand barrels per day. If the country’s production grows, it cannot exceed this maximum (1.528mb / d), as well as cuts (261mb / d).
With the cuts planned for 2021, world oil production is expected to amount to 36.653 million barrels per day, with a reduction of 7.200 million per day. Without cuts, the world production forecast for the year ahead is estimated at 43.853 mb / d.