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Wednesday November 25, 2009
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Angola Oil & Gas News is an EIN News Service for energy industry professionals. Constantly updated news and information about Angola Energy.
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Latest Angola Oil & Gas News

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  • Oil prices down as US economic growth expected to weaken 25 Nov 2009 07:53 GMT
    ... KUALA LUMPUR, Nov 25 (KUNA) -- Oil prices slipped to below USD 67 per ... report issued on Tuesday by the American Petroleum Institute (API) showed that US oil stockpiles ... hold a meeting on December 22 in Angola to discuss production quantity. The organization agreed ...

  • Oil price falls after US growth disappoints 25 Nov 2009 00:42 GMT
    ... Oil price falls after US growth disappoints By ... we hoped to see a pickup in petroleum demand." US crude for January delivery fell ... next meet to discuss output policy in Angola on December 22. The group has not ...

  • IMF reaches out to Angola with $1.4bn loan as oil price falls 25 Nov 2009 05:24 GMT
    ... IMF reaches out to Angola with $1.4bn loan as oil price falls The International Monetary Fund (IMF) had ... Angola cope with the drop in global oil prices and other effects of the global crisis, ...

  • Angola gets $1.4-billion 25 Nov 2009 05:55 GMT
    ... to a loan of $1.4-billion to help Angola cope with the drop in global oil prices and other effects of the global crisis. ... to restore macroeconomic balances and rebuild international reserves," the multilateral lender said in a statement ...

  • Angola to use IMF loan to bolster reserves, kwanza 25 Nov 2009 10:36 GMT
    ... LUANDA, Nov 25 (Reuters) - Angola will use a $1.4 billion loan from ... Monetary Fund to bolster its foreign exchange reserves and stabilise the local currency, the kwanza, ... the exchange rate following a slump in oil prices last year. The kwanza is down 16.9 ...

  • Oil eases below $76 in Asian trade 25 Nov 2009 05:34 GMT
    ... Global oil prices eased below $76 a barrel in ... is due later Wednesday. The Organization of Petroleum Exporting Countries meets on Dec. 22 in Luanda, Angola, to discuss production targets. The group agreed ...

  • Crude Oil Drops Below $76 as Weaker US Growth May Cut Demand 25 Nov 2009 06:16 GMT
    ... Nov. 25 (Bloomberg) -- Oil was little changed after dropping below $76 ... million, according to the survey. The American Petroleum Institute reported yesterday that U.S. crude stockpiles ... Countries meets on Dec. 22 in Luanda, Angola, to discuss production targets. The group agreed ...

  • MCX crude oil slips to global pressure 25 Nov 2009 07:15 GMT
    ... Crude oil futures in the domestic futures market continued ... more than expected last week, the American Petroleum Institute said late Tuesday. Crude oil ended ... Countries meets on Dec. 22 in Luanda, Angola, to discuss production targets. The group agreed ...

  • Non-oil sector may grow 10.5 per cent, economy minister 25 Nov 2009 10:35 GMT
    ... Non-oil sector may grow 10.5 per cent, economy minister ... Luanda - The non-oil sector of the angolan economy may grow 10,5 per cent as ... taken when possible to stabilize the country's reserves, to prevent its fall to a unsustainable ...

  • Non-oil sector may grow 10,5 percent - Economy minister 25 Nov 2009 11:15 GMT
    ... Non-oil sector may grow 10.5 per cent, economy minister ... Luanda - The non-oil sector of the angolan economy may grow 10,5 per cent as ... taken when possible to stabilize the country's reserves, to prevent its fall to a unsustainable ...

  • African Markets - Factors to watch on Nov 25 25 Nov 2009 06:10 GMT
    ... and develop the restive Niger Delta. NIGERIA OIL The Nigerian oil minister wants OPEC to limit output until the global economy ... market diversification, said the country's industry minister. ANGOLA ECONOMY The International Monetary Fund is expected ...

  • Will Africa's farmland become a "resource curse"? 25 Nov 2009 01:33 GMT
    ... Palm-oil trees in the making, Ivory Coast. Mike Davis ... to Ethiopia, and southward to Congo and Angola. “The World Bank and the FAO have ... tract “one of the earth's last large reserves of underused land,” Rice reports. It evidently ...

  • OPEC will maintain oil prices stability - Venezuela 24 Nov 2009 19:16 GMT
    ... (KUNA) -- Venezuelan Minister of Energy and Petroleum Rafael Ramirez called here on Tuesday member ... a decision on maintaining the stability of oil prices during thier up-coming meeting that will ... meeting that will take place in Luanda, Angola, in December. Ramirez, on the sidlines of ...

  • Global oil demand picking up -- study 24 Nov 2009 00:41 GMT
    ... LONDON, Nov. 23 (UPI) -- Global oil demand has at last turned a corner ... crude from member-countries of the Organization of Petroleum Exporting Countries was on the rise, and ... scheduled to meet Dec. 22 in Luanda, Angola, but are not expected to decide whether ...

  • Press Release: IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola  24 Nov 2009 01:07 GMT
    ... Board Approves US$1.4 Billion Stand-By Arrangement with Angola Press Release No. 09/425 November 23, 2009 ... at medium-term structural issues to foster the non-oil sector growth. The key pillars of the program ... shock because of the sharp drop in oil prices. The global crisis hit the country during ...


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