Brazilian production of oil has fall

The volume of oil production in April had a fall of 0.4%, compared to the month of March. The total wine production was 2,539,000 barrels per day (bbl/d). However, compared to the same period in 2016, the national production of "black gold" obtained an increase of 10.9%.

With respect to natural gas production, the total produced was 103 million cubic meters per day, which surpassed 7.1% from the same month in 2016 and 1.2% in March. The total production of oil and natural gas in the country was approximately 3,184,000 barrels of oil equivalent per day.

The slight fall in production, which can even be considered as a factor not so positive for Brazil, turns out to corroborate with the global goals of OPEC members and oil producers participating in the Pact of reducing oil production until March 2018. The cartel, as well as the aggregated countries is intended to reduce the offer in order to enhance the commodity and reduce the reserves, with the goal of raising the price of a barrel of oil. That's low for a long time.

Not to be a part of the agreement, Brazil ends up increasing your monthly production and export volume, which is positive for GDP, but negative for global stocks. Get more news about the area of oil, gas, energy, gasoline, fuels, Petrobras, onshore and offshore. Visit the portal of Offshore Panorama and remember: your business. Check out:


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