*Brazil is tipped as a key source of global crude output gains over the coming years: the IEA predicts 1mn b/d-plus growth to 4mn b/d by 2025. But gains in recent years have distinctly underwhelmed. Output grew by a modest 150,000 b/d (5.5%) to 2.94mn b/d for 2020.
*The IEA now forecasts further growth of around 150,000 b/d for 2021. This would require a major turnaround from December which saw a fourth straight monthly fall to an 18-month low of 2.73mn b/d. (CONTINUED - 193 WORDS)
