Brazil Oil Output Surges 14.6% as Pre-Salt Fields Power Record Growth

2026-03-03 - 11:33

Key Points — Brazil produced 3.953 million barrels per day of crude oil in January, a 14.6% year-on-year increase, with pre-salt fields accounting for 80% of the total — Total oil and gas output reached 5.168 million barrels of oil equivalent per day, positioning Brazil to challenge for top-five global producer status — Petrobras plans