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.



This article was originally published by a www.cnbc.com . Read the Original article here. .