Angola leaves Opec over lower oil production quotes

Angola is leaving Opec (Lisa Leutner/AP)

Angola has announced it is leaving the Opec oil producers cartel after it battled with the group over lower production quotas this year.

Diamantino de Azevedo, the African nation’s oil minister, said Angola “does not gain anything by remaining in the organisation”, according to state news agency Angop. The country joined Opec in 2007.