Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil ...

OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...

Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country’s energy minister said.

Output for December 2024 was revised higher by 59kb/d and November 2024 output was revised higher by 54 kb/d compared to last ...

Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating ...

Brazilian authorities announced Tuesday the South American country's decision to join the Organization of 13 Petroleum Exporting Countries (OPEC) and 10 observer nations, commonly referred to as ...

Though non-OPEC members agree to cooperate with OPEC nations, Brazil won't have any binding obligation such as production cuts, Mines and Energy Minister Alexandre Silveira said at a news conference.

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the ...