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Brazil to Join OPEC+ Alliance Charter, Won’t Be Bound To Making Production Cuts

BRAZIL
  • Reports have indicated that Brazil will join the cooperation charter of the OPEC+ oil alliance, a move that won’t bind it to making production cuts. Brazilian Energy Minister Alexandre Silveira told a meeting of the group on Thursday that the country would join its charter from next year.
    • “President Lula confirmed our entry into the OPEC+ cooperation charter from January 2024,” the minister told the group, according to a video circulated by delegates. Reportedly, he was met with a round of applause. (BBG)

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