Brazil Oil Production Rose in March Despite Pandemic

May 4, 2020

© Ranimiro / Adobe Stock
© Ranimiro / Adobe Stock

Brazil produced 2.973 million barrels per day of oil in March, up 0.1% from February and up 16.1% from the same month a year before, national oil regulator ANP said on Monday.

The figures suggest that production cuts announced at the end of March by state-run oil giant Petroleo Brasileiro SA had a relatively modest impact on output for the month.


(Reporting by Gram Slattery)



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