• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 10 hours California's Oil Industry Collapses Despite Shale Boom
  • 15 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 3 hours Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 19 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 9 hours Greenpeace Blocks BP HQ
  • 6 hours Shale to be profitable in 2019!!!
  • 16 hours Australian Voters Reject 'Climate Change' Politicians
  • 19 hours IMO2020 To scrub or not to scrub
  • 14 hours UK Needs New Wind Turbines
  • 13 hours Will Canada drop Liberals, vote in Conservatives?
  • 20 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 23 hours Global Warming Making The Rich Richer
  • 5 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 1 day Shell ‘to have commercial wind farms’ by early 2020s
  • 23 hours California Threatens Ban on ICE Cars
No, The Oil Glut Hasn’t Disappeared

No, The Oil Glut Hasn’t Disappeared

Weaker than expected oil demand…

The Fear Factor Is Back For Oil

The Fear Factor Is Back For Oil

While fundamentals suggest lower oil…

FLEC Claims Responsibility For 12 deaths In Angolan Oil Field Clash

Oil storage Africa

The Front for Liberation for the Enclave of Cabinda, or FLEC, claims that it is responsible for the deaths of 12 soldiers in the Angolan oil fields this past weekend.

The group says that it was behind Sunday’s ambush of troops operating near the border with Congo Brazzaville in the northern region of the country. FLEC has increased its attacks in its conflict with the Angolan government since June, when its leader Nzita Tiago died, and says that it has been involved with three engagements with government forces. The government has not made any comments about the attack on Sunday.

Since August when hostilities increased, the group has been responsible for 50 deaths. For forty years, FLEC has mounted a low-level rebellion against the government in a stretch of land between the Congo and Congo-Brazzaville, and is best known for its attack on a bus carrying Togo’s national soccer team, which occurred during the African Nations Cup in 2010.

Angola is the second-largest oil producer on the African continent; however, FLEC has never been a serious threat to output, since oil in Angola is drilled offshore. OPEC notes that Angola oil was responsible for Angola’s growth (prior to the drop in oil prices), and contributes roughly 45 percent of the country’s gross national product. Oil makes up 95 percent of the country’s exports.

In related news, the president of the country, Eduardo Jose dos Santos fired the country’s finance minister, Armando Manuel, on Monday – although no explanation was given at the time. Manuel took the post in 2015, just before the decline in oil prices, and managed Angola’s economy which has staggered under the decrease in exports. The Angolan media reports that his replacement, Archer Mangueira, is tied to the country’s negotiations with the International Monetary Fund. Those discussions of late, have been stalled.

Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News