China buys more oil from Iran and reduces appetite for barrels from Brazil and Angola
The hike in volumes purchased from Iran surprised the market and put a cap on the advance in oil prices,...
April 14, 2021Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brazil’s oil reserves drop 6.7% in 2020, ANP says
Brazil's proved reserves (1P) of oil fell 6.7% in 2020, compared to 2019. According to data from the National Agency...
April 1, 2021
Oil production in Brazil drops 8% in February, says ANP
Brazil's average oil production totaled 2.73 million barrels of oil per day (b/d) in February, a drop of 8% compared...
March 17, 2021
Trucker strike: Bolsonaro eliminates federal diesel taxes, chastises head of Petrobras
After a new readjustment by Petrobras, President Jair Bolsonaro announced on Thursday, March 18th, that as of March 1st there...
February 19, 2021
Malaysia Becomes China’s Second Largest Crude Oil Supplier, Pushing Brazil to Third Place
Crude oil flows from Malaysia to independent refiners in China witnessed a dramatic surge of more than 70% year on...
February 5, 2021
Oil Production in Brazil up 5.5% in 2020 over 2019
Oil production in Brazil increased 5.5% in 2020, according to the Monthly Oil and Gas Production Report, released yesterday, February...
February 3, 2021
Petrobras Oil Output Hit Record in 2020, Averaging 2.3 Million Barrels per Day
Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at...
January 26, 2021
Brazil’s Vale, State Government US$2 Billion Apart on Disaster Settlement, Source Says
RIO DE JANEIRO, BRAZIL - (Reuters) Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement...
January 23, 2021
Brazil Established New Record for Oil Exports in 2020
Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of...
January 14, 2021