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Angola's OPEC Exit Shakes World Oil Market
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Overview
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Angola is set to leave OPEC, reducing its membership to 12 countries. This departure will result in a significant shift in the world oil market, with OPEC's share of the market decreasing. Other countries have previously left OPEC, while other small producers have joined in recent years.
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How does Angola's decision reflect broader trends in the global oil market?
How might Angola's departure from OPEC impact other oil-producing countries?
What strategies could OPEC employ to mitigate the effects of Angola's departure?
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