Oil’s Quiet Power In Brazil: Exports, Revenues, And The 2026 Growth Bet

2026-01-27 - 12:09

Key Points Oil is small in GDP. It still drives exports, tax income, and investment. Output hit about 3.309 million barrels per day in October 2025. Pre-salt was roughly 81% of production. Royalties and special participation reached about R$81 billion ($15 billion) in 2025. Gains are concentrated by state. Brazil is heading into 2026 with