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Non-Tech : The Brazil Board

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From: elmatador	9/15/2019 3:53:38 AM
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Crude Oil Trade: Brazilian Shipments Increase As Fundamentals Remain Positive Brazilian oil production increased last month and is now estimated to be approaching 2.8 million b/d. Growth has reached 8% year-on-year. The Lula field, in the pre-salt Santos Basin, has been the largest producer. More than 95% of the country's total oil production now comes from offshore fields, with Petrobras (NYSE: PBR) operating more than 92.5% of the overall output. seekingalpha.com

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