Although Angola has made advances in its diversification efforts, the economy continues to be heavily dependent on crude oil with 94 percent of exports and 60 percent of fiscal revenues being ...

WASHINGTON, April 28 (Reuters) - A slide in crude oil prices is increasing the likelihood that Angola will need an International Monetary Fund loan, Finance Minister Vera Daves de Sousa told Reuters, ...

A large and consistent rig count implies a stable, lucrative environment, which encourages more capital inflows. Countries with significant oil reserves, such as Nigeria, Angola, and Algeria boast ...

LUANDA, April 24 (Xinhua) -- Angola generated 6.4 billion U.S. dollars in crude oil export revenue during the first quarter of 2025, marking an 18 percent year-on-year decline, Secretary of State ...