Reactions to Angola’s decision to leave OPEC
ANGOLA has decided to leave the Organization of the Petroleum Exporting Countries (OPEC), its oil minister said, saying its membership was not serving the country's interests. The departure is unlikely to have a significant impact on oil supplies given Angola's small percentage of total OPEC output, but the move raises questions about the unity of the group, analysts said. The following are reactions to the decision: GIOVANNI STAUNOVO, UBS: "From an oil market supply perspective, the impact is minimal as oil production in Angola was on a downward trend and higher production would first require higher investments. "However, prices still…