*Key non-Opec+ crude producer Brazil saw output fall 30,000 b/d from 2020’s record to 2.91mn b/d for 2021, freshly released official data show. Exports were also down, by 50,000 b/d at 1.32mn b/d (see chart 1).
Brazil Output: 2021 Down, 2022 Set For Records?
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Charts
1: Brazil Crude Output & Exports Fell Slightly For 2021 Defying Predictions Of Record Highs (mn b/d)
2: Brazil Monthly Crude Output Shows Little Sign Of An Uptick In The Latest Figures (mn b/d)
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