Brazil’s government on Feb. 18 approved joining OPEC+, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit.

Brazil is the world’s seventh-largest oil producer, with about 4.3 million barrels daily, or 4% of the world´s output, according to Energy Information Administration, a U.S. government agency.

Brazil will join the cooperation charter of the OPEC+ oil alliance, a move that won’t bind it to making production cuts. Brazilian Energy Minister Alexandre Silveira told a meeting of the group ...

Brazil's decision to join the OPEC+ cooperation charter seeks to expand dialogue on the oil market and promote biofuels, while not officially joining the cartel.

Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the chief executive of state-run oil firm Petrobras ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the ...

Business Brazil to join OPEC+, group of major oil-exporting nations Capuava oil refinery owned by Petrobras sits in Maui, on the outskirts of Sao Paulo, Brazil, Nov. 6, 2023. Credit: AP/Andre Penner ...

BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead ...