OIL AND GAS: Angola.

Angola has announced its decision to leave OPEC due to the organization's decision to further reduce oil output in 2024. Angola's Mineral Resources and Petroleum minister stated that remaining in OPEC would require production cuts that go against the country's policy of avoiding decline and respecting contracts. While Angola's departure will have a limited impact on OPEC's international standing, it comes at a challenging time as the organization is urging members to voluntarily reduce production to support prices. Additionally, Nigeria has reaffirmed its commitment to OPEC following Angola's departure. In other news, Libya's al-Sharara oilfield has been closed due to protests, leading to a suspension of crude oil supplies. Nigeria's TotalEnergies plans to invest $6 billion in Nigeria's oil and gas industry, and the Dangote refinery in Nigeria has started fuel production. Tanzania expects to reduce fuel imports by 28% by 2050 through increased exploration and drilling of local natural gas. Uganda has ordered the eviction of 42 families to make way for an oil prospecting project, and Rwanda and the European Investment Bank have signed an agreement to enhance investment in critical raw material value chains. In the Democratic Republic of Congo, 15 people have been sentenced for financing terrorism through the illicit gold trade, and in South Africa, over 2,000 mineworkers have ended their underground sit-in at Impala Platinum's Bafokeng Rasimone mine. [Extracted from the article]