Free Trial

Brazil Forecasts Oil Production Growth to 5.23m b/d by 2030

OIL

Brazil may raise oil production by 76% to 5.3m b/d by 2030, but will be followed by a small drop, Ministry of Mines and Energy said, cited by TASS.

  • The Ministry expects Brazil’s oil production to peak at 5.3m b/d in 2030.
  • Volumes will then decline to 4.4m b/d by 2034 but will still be higher than the 3.6m b/d forecast for 2024.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.