Oil demand in Brazil was high in June

In a report released on Monday, August 13, OPEC (Organization of Oil Exporting Countries) reports that oil demand in Brazil was high in June, rising from 2,723,000 barrels per day to 2,670,000 bpd, compared to the same Period of last year.

According to the cartel, the demand for oil in Brazil must follow unchanged in 2018 and 2019, and the growth will depend on the economic recovery of the country. The projection for this year was altered by the organization falling from 1.7% to 1.6%, with elevation to 2.1% in 2019.

By OPEC's calculations, supported by production in new fields, among them the Santos Basin, this year the country's oil supply should advance 150,000 bpd and in 2019 that number will grow to 390,000 bpd.

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