Angola has announced its decision to exit the Organization of the Petroleum Exporting Countries (OPEC), as reported by ANGOP News Agency and Jornal. The news has sparked reactions among financial and energy market observers, with one commentator ironically noting 'OPEC is United ! 😅' amidst the development. The hashtags #oott and #Angola are being used in discussions related to the exit. The reasons behind Angola's decision to leave the oil cartel, which is often criticized with the adage 'CARTELS NEVER WORK OVER THE LONG-RUN.', have not been detailed in the reports.
BREAKING: Angola leaves OPEC https://t.co/QIwFMUk3K5 #Angola #OOTT #OPEC
Angola announces it is leaving OPEC #oil, anyone? 🫣 #OOTT CARTELS NEVER WORK OVER THE LONG-RUN. WHY? 👇 - Everyone cheats & overproduces their Quota - Even if they don’t (least not everyone), other members assume everyone else or at least certain others will cheat and thus…
OPEC is United ! 😅 https://t.co/2eT9Kjp0FQ
🛢️ ANGOLA SAYS IT IS LEAVING OPEC - ANGOP NEWS AGENCY #oott
ANGOLA ANNOUNCES EXIT FROM OPEC: JORNAL Oops…
So it begins..... ANGOLA SAYS IT IS LEAVING OPEC - ANGOP NEWS AGENCY