*Key non-Opec oil producer Brazil has been one of the largest sources of global crude output growth in recent years. But, whilst 3.38mn b/d for 9M 2024 was up again year-on-year, production has trended lower in recent months. Output was down year-on-year for every month in Q3, with September’s 3.47mn b/d 200,000 b/d below the year-ago figure (see charts).