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Oil production in Brazil drops 8% in February, says ANP

RIO DE JANEIRO, BRAZIL - Brazil's average oil production totaled 2.73 million barrels of oil per day (b/d) in February, a drop of 8% compared to the same month last year, according to data from the National Petroleum, Natural Gas and Biofuels Agency (ANP), released on Wednesday, March 17th.

Combining oil and gas production, the country produced an average of 3.55 million barrels of oil equivalent (BOE/d) in the second month of the year, down 6% compared to last year.

Petrobras' oil production dropped 2.6% in February, compared to January. The reason for the drop . . .

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