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Brazil’s oil production up 3.5% in February

RIO DE JANEIRO, BRAZIL - Brazil produced an average of 2.917 million barrels of oil per day (MMboe/d) in February, up 3.5% from the same month in 2021, the government said Wednesday.

Although the year-on-year result was positive, the balance closed in negative territory with a 3.8% decline compared to January, according to data from the National Petroleum Agency (ANP, regulator).

According to the agency, hydrocarbon production declined due to the shutdown of four oil platforms that had to remain inactive for maintenance.

For natural gas, production in February was 133 million cubic meters per . . .

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