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Friday, February 21, 2025 18:51 GMT
Brazil has decided to adhere to the declaration of cooperation of the OPEC+ group of oil-producing countries, the local energy ministry said on Tuesday, formalizing a move it had initially announced in 2023. Brazil is the largest oil producer in South America. Its output hit 4.32 million barrels of oil equivalent per day in 2024, according to the country’s oil regulator. It will join nations such as Saudi Arabia and Russia in the group’s declaration, but is not expected to take part in its...More