• 4 minutes Your idea of oil/gas prices next ten years
  • 7 minutes WTI Heading for $60
  • 13 minutes Could EVs Become Cheaper than ICE Cars by 2023?
  • 1 day Pence says South China Sea Doesn't Belong To Any One Nation
  • 2 days Anyone holding Nvidia stock?
  • 5 hours Is California becoming a National Security Risk to the U.S.?
  • 19 hours Why does US never need to have an oil production cut?
  • 2 days Germany Discusses Lifting Ban on Deporting Syrians
  • 2 hours US continues imports of Russian gas which it insists Europe should stop buying
  • 2 days UK Power and loss of power stations
  • 2 hours Pros and Cons of Coal
  • 6 hours Trump administration slaps sanctions on Saudis over Khashoggi's death
  • 2 days China Claims To Have Successfully Developed a Quantum Radar That Can Detect 'Invisible' Fighter Jets
  • 2 days I Believe I Can Fly: Proposed U.S. Space Force Budget Could Be Less Than $5 Billion
  • 2 days A Sane Take on Nord Stream 2
  • 22 hours Commission: U.S. Could Lose Wars With Russia, China
Is It Time To Go Long On Crude?

Is It Time To Go Long On Crude?

Oil leaped lower after my…

Oil Prices Rise As Saudis Cut Exports

Oil Prices Rise As Saudis Cut Exports

Oil prices rose on Monday…

More Angolan Soldiers Reportedly Killed in Oil-Rich Cabinda Area

More Angolan Soldiers Reportedly Killed in Oil-Rich Cabinda Area

At least ten Angolan soldiers were killed during the last clash with the Front for the Liberation of the Enclave of Cabinda (FLEC) in the oil-rich Cabinda enclave, according to information from the separatist guerillas.

Nearly forty combatants have died in a flare-up of violence after exiled FLEC founder Nzita Tiago passed away on 3 June at the age of 88.

According to a FLEC statement, the confrontation took place last Friday and Saturday in the Cabinda area where the rebels have sought independence from Angola.

The rebels previously claimed to have slain twenty-six soldiers during battles from 29 July to the 31 July. Following those incidents, the FLEC warned foreign workers to leave Cabinda since their lives were in danger. The guerillas reiterated those demands in a communiqué issued on Monday when they urged relocation of Chinese workers whose presence allegedly “constitutes a provocation.”

The Angolan government has thus far failed to comment on the latest combats between the military and the FLEC. Despite the uptick in violence in the latest two months, Cabinda state Governor Aldina Matilde Barros Da Lomba recently stated that there is no armed conflict or war in the region.

The plummeting price of oil has led to a bust for an Angolan country that earns approximately 45 percent of its gross domestic product from gas and oil. Angola’s economic crisis resulting from plummeting revenue has exacerbated the stark wealth gap in the nation and led to strong cutbacks in basic social services.

The Angolan economy is expected to continue facing obstacles and a “bleak year ahead”, based on a pessimistic analysis by Platts in July.

By Erwin Cifuentes 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
-->