South America’s offshore oil boom is set to make the region a major play in global oil markets, challenging OPEC’s dominance. The combined efforts of Guyana and Brazil alone are expected to add nearly three […]
Nasdaq RIO DE JANEIRO – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output caps, the chief executive of state-run oil […]
Brazil will become a member of the OPEC+ coalition in January 2024, Brazilian Energy Minister Alexandre Silveira announced on Nov. 30, 2023. The announcement was made during the rescheduled OPEC+ meeting convened to discuss the […]
As the COP28 climate conference opens in Dubai next week, Brazil will be presenting a contradiction to the world: while promising to accelerate its energy transition, the country continues to invest massively in oil. One of the key […]
When I say the cleaving is becoming tenuous, do not take that expression to indicate the Western global alliance will back down, they will not. However, as the fracturing of the global economic systems cleave […]
Brazil’s state-owned energy firm Petrobras reported a 90 percent drop in its liquefied natural gas (LNG) imports in the third quarter compared to the year before. Besides a dip in the volume of regasified LNG, […]
Investors in Brazilian state-controlled oil producer Petroleo Brasileiro SA just got another reminder that an industry-leading dividend bonanza is fading. The Rio de Janeiro-based company, known as Petrobras, said on Monday that it proposed changes […]
This route complements their existing efforts to preemptively diversify from potentially disproportionate dependence on any given trade partner and thus helps them maximally ensure their strategic autonomy. Indian National Security Advisor (NSA) Ajit Doval announced during the […]
(Bloomberg) – Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks to open up new basins to expand production. Brazil’s top environmental […]
Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings […]
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