Brazil’s crude production reached a record in June, helping to offset supply disruptions from the war involving Iran. ANP data show June crude output rose about 19% YoY to 4.5 mln bpd and roughly 4% from May; oil and gas output totaled 5.8 mln boe/d. State-controlled Petróleo Brasileiro (Petrobras) led the increase, extracting more from fields and pushing Búzios and other deepwater platforms above nameplate capacity; ANP says Petrobras-operated fields account for about 87% of Brazil’s oil produc

Brazil’s crude production reached a record in June, helping to offset supply disruptions from the war involving Iran. ANP data show June crude output rose about 19% YoY to 4.5 mln bpd and roughly 4% from May; oil and gas output totaled 5.8 mln boe/d. State-controlled Petróleo Brasileiro (Petrobras) led the increase, extracting more from fields and pushing Búzios and other deepwater platforms above nameplate capacity; ANP says Petrobras-operated fields account for about 87% of Brazil’s oil production.