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IEA rates Brazilian oil production as 'exceptional'

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PARIS -- The International Energy Agency (IEA) classified as “exceptional” the increase in oil production in Brazil in the second quarter of this year, in a monthly report released Aug. 12. According to the report, Brazilian oil production reached 2.3 MMbpd in June. “This caps off an excellent quarter for the sector,” with a rise of 180,000 bpd compared with the second quarter of 2013, says the report.


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IEA rates Brazilian oil production as 'exceptional' IEA rates Brazilian oil production as 'exceptional' Reviewed by Crude Oil Brokers on 02:59 Rating: 5

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