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Petrobras Refinery Utilization at 97%

OIL

Brazil’s Petrobras produced 2.114 million barrels per day of crude in Q2, down 5.2% from the previous quarter and 5% from the same period a year ago.

  • Including natural gas, the company produced 2.653 million barrels of oil equivalent per day (boepd), down 5.1% in both quarterly and annual terms.
  • Petrobras maintains its 2022 production guidance of roughly 2.6 million boepd.
  • Refinery utilization rates came in at 89%, up 2% in quarterly terms and 14% in annual terms.
  • Petrobras refineries are nearing full capacity now running at 97%.
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Brazil’s Petrobras produced 2.114 million barrels per day of crude in Q2, down 5.2% from the previous quarter and 5% from the same period a year ago.

  • Including natural gas, the company produced 2.653 million barrels of oil equivalent per day (boepd), down 5.1% in both quarterly and annual terms.
  • Petrobras maintains its 2022 production guidance of roughly 2.6 million boepd.
  • Refinery utilization rates came in at 89%, up 2% in quarterly terms and 14% in annual terms.
  • Petrobras refineries are nearing full capacity now running at 97%.