Brazil oil output reaches record as non-OPEC supply rises

Bloomberg · 8 hours ago
Brazil oil output reaches record as non-OPEC supply rises
  • Brazil's crude production increased about 19% from a year earlier and roughly 4% from May to 4.5 million barrels a day in June.
  • Brazil's combined oil and natural-gas production reached 5.8 million barrels of oil equivalent a day.
  • Rising Brazilian supply is cushioning disruption linked to the fallout from the war in Iran.