Confusion and disobedience: Angola's bold move challenges OPEC+

<p>The OPEC+ statement was a dog's breakfast. Traders seem bewildered at what was agreed to. Adam had the run-down:</p><ul><li><a href="https://www.forexlive.com/news/opec-statement-says-the-next-meeting-will-be-in-june-but-offers-little-else-20231130/" target="_blank" rel="follow" data-article-link="true">OPEC+ statement says the next meeting will be in June but offers little else</a></li></ul><p>Angola is planning to ignore its quota, which is not something OPEC members do often at all, not publicly at least According to a Bloomberg report:</p><ul><li>Angola rejected a new output quota handed to it by OPEC</li><li>said it planned to breach it</li><li>"We will produce above the quota determined by OPEC," Angola's OPEC governor Estevao Pedro said in an interview on Thursday. "It is not a matter of disobeying OPEC; we presented our position, and OPEC should take it into consideration."</li></ul><p>Talk to the … sticker?</p>

This article was written by Eamonn Sheridan at www.forexlive.com.