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Oil: Production increases by 9.5% in March

20/04/2022
Categories: Raw materials

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In March 2022, oil production reached a total volume of 35 million 417 thousand barrels (MMBBLS), an increase of 9.5% compared to February.

In February, crude oil production was 32,327 MMBBLS. According to the March report, Angolan crudes were trading at a premium to Brent, with the combination of prices of the most valued crudes in international markets reaching an average value of 114.29 USD/barrel (BBL), around 3.34 USD/BBL, above the value of Brent.

Associated natural gas production was 87.583 million cubic feet (MMSCFD) in March, averaging 2,825 MMSCFD daily, which represents a 7% increase over the previous month. In February, total gas production reached 81.621 MMSCFD corresponding to a daily average of 2.915 MMSCFD.

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