Brazil Pumps up Oil Exports to Asia While OPEC Makes Record Cuts

Published July 21st, 2020 - 08:00 GMT
Brazil Pumps up Oil Exports to Asia While OPEC Makes Record Cuts
Brazil is expected to deliver one of the biggest increases to global supply in the next five years from nations outside of the Organization of the Petroleum Exporting Countries, according to the International Energy Agency. (Shutterstock)
Highlights
The rise reflects Brazil’s growing clout among global oil producers as its massive offshore projects come online.


The rise reflects Brazil’s growing clout among global oil producers as its massive offshore projects come online.

Brazil is expected to deliver one of the biggest increases to global supply in the next five years from nations outside of the Organization of the Petroleum Exporting Countries, according to the International Energy Agency.


© 2020 News of Bahrain

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