Brazil’s Oil Production Sees Second Monthly Decline in January

In January, Brazil’s oil production fell 1.8% to 3.519 million bpd, marking its second consecutive monthly decline. Yet, this figure represents a 7.5% increase from the previous year, thanks to progress in the pre-salt regions. Petrobras, the national oil company, produced about 2.25 million bpd in January, showing a 7.37% rise from the same month […]