Announces Brazil’s Entry as a Member Starting Next Month, According to a Statement from a Representative to Reuters News Agency. Opec+ Comprises the Leading Oil Producing Countries.
According to a representative of the organization, Brazil is planning to join the Opec+ starting next month. The largest alliance of oil producers in the world, known for controlling the commodity’s production, will meet this week to discuss potential cuts in production.
However, the Federal Government stated that it is assessing the situation before making a decision on the matter.
Source: MoneyTimes
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Oil plummets more than 10% and the market turns upside down after Iran opens Hormuz and eases fears about the main route in the Gulf.
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Petrobras robots confirm the presence of hydrocarbons in the pre-salt of the Campos Basin at a depth of 2,984 meters, in a new exploratory well located 201 km off the coast of Rio de Janeiro.
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A Canadian study detects record methane emissions and reveals that abandoned oil wells pollute up to 1,000 times more than expected.

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