Brazil’s Oil Output Drops 3.5% in August 2024, Natural Gas Surges 8%

Brazil’s oil production experienced a 3.5% decline in August 2024 compared to the same month in 2023. This unexpected downturn contrasts sharply with the country’s natural gas sector, which saw significant growth. Natural gas production reached 159.7 million cubic meters per day, marking an 8% increase year-on-year and a 5.6% rise from the previous month. […]