Angola Faces Oil Demand Dilemma as December Crude Remains Unsold

Angola, the second-largest oil producer in Africa, is currently grappling with a troubling situation as an unprecedented amount of crude oil designated for December has yet to be sold. This unsold oil, indicative of shifting market dynamics, particularly points to decreasing demand from one of its largest customers—China. The implications of this unsold crude reverberate not only throughout Angola’s economy but also across international oil markets.

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