Brazil’s sharp oil-production swings are colliding with OPEC’s insistence that the crude market will remain broadly balanced ...

BRASILIA, Brazil (AP) — 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 ...

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.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. BRASILIA, Brazil (AP) — Brazil’s government ...

Capuava oil refinery owned by Petrobras sits in Maui, on the outskirts of Sao Paulo, Brazil, Nov. 6, 2023. (AP Photo/Andre Penner, File) BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved ...