Angola’s OPEC exit highlights group tensions – but is unlikely to rattle the market

Angola’s announcement this week that it will quit the oil producers’ Organization of the Petroleum Exporting Countries brings to a head longstanding tensions within the powerful group, but market impact is likely to be limited, according to analysts.

The move “did not come as a surprise, [as] the writing was on the wall already last month,” Clay Seigle, director of the global oil service at Rapidan Energy Group, told CNBC’s “Last Call” on Thursday.

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