Latest reading: Kuwait oil output slumped to just 1.2 mbpd (million barrels per day) in March, around half the February...
Oil Production in Angola
The economy recorded average oil production of 1.42 million barrels per day in the decade to 2024. In 2024, oil production was 1.13 million barrels per day.
Angola Oil Chart
Note: This chart displays Oil Production (mn barrels per day, aop) for Angola from 2013 to 2025.
Source: Macrobond.
Angola Oil Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Oil Production (mn barrels per day, aop) | 1.11 | 1.15 | 1.10 | 1.13 | 1.08 |
| Brent Oil Price (USD per barrel, aop) | 70.9 | 98.8 | 82.0 | 79.7 | - |
Angolan oil production decreases in February
Latest reading: Brent crude oil prices averaged USD 99.41 per barrel in March, up 43.2% from February. On 31 March, the commodity traded at USD 118.35 per barrel, up 63.1% from 27 February. Turning to the production front, Angolan oil output fell to 1.01 million barrels per day (mbpd) in February from 1.04 mbpd in January, renewing the downward trend that began in November last year after a brief pause last month. February’s production undershot the 1.03 mbpd expected by national oil firm ANPG and moved further below the 2016–2025 average of 1.31 mbpd.
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.
Latest Global Commodities News
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Kuwait: Kuwait crude output tumbles in March -
Nigeria: Nigerian oil production inches up in March Latest reading: Brent crude oil prices averaged USD 99.41 per barrel in March, up 43.2% from February. On 31 March,... -
Angola: Angolan oil production decreases in February Latest reading: Brent crude oil prices averaged USD 99.41 per barrel in March, up 43.2% from February. On 31 March,... -
Kuwait: Kuwait crude output steadies in February Latest reading: Kuwait oil output was stable at 2.58 mbpd (million barrels per day) in February for the third straight... -
Nigeria: Nigerian oil production ticks down in February Latest reading: Brent crude oil prices averaged USD 69.41 per barrel in February, up 7.5% from January. On 27 February,... -
Saudi Arabia: Saudi Arabian oil output surges again in February Latest reading: Brent crude oil prices averaged USD 69.41 per barrel in February, up 7.5% from January. On 27 February,... -
UAE: UAE oil output rises sharply again in February Latest reading: Brent crude oil prices averaged USD 69.41 per barrel in February, up 7.5% from January. On 27 February,...