Angola March Oil Exports at Nine-Month Low, Final Plan Shows

Angola plans to reduce its daily crude oil exports in March by 12 percent to 1.61 million barrels a day, the lowest in nine months, according to a final loading program obtained by Bloomberg News.

The country plans to ship 52 cargoes, three less than February, the schedule shows. The final program is unchanged from the preliminary one released on Jan. 16. Angola is Africa’s second-largest oil producer, after Nigeria.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

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