Brazil Is Emerging As The World’s Leading Offshore Oil Producer Despite low oil prices and faltering demand, Brazil’s robust oil industry has continued to grow thanks to growing interest in key Asian markets

Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.

Posted: 2020-11-15 19:30:00

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