The rebound in Brazil's crude oil and liquids production is set to frustrate the market management policies of the OPEC group
Brazil Could Frustrate OPEC 's Oil Market Management Policy Brazil 's oil production has started to recover following a plunge earlier this year as many offshore platforms underwent planned repairs and maintenance work. After a 25% drop in Brazil ian output at the beginning of the year, platforms are returning from maintenance and producing more oil.
That's earlier than the initial plan to commence operations on the 100,000-bpd project in 2025. Maria Quitéria is set to start operations earlier than planned, and three other major projects are expected to start up in 2025, Petrobras says. These are Búzios 7 FPSO Almirante Tamandaré of 225,000 bpd, MERO 4 FPSO Alexandre de Gusmão with a capacity of 180,000 bpd, and Búzios 6 P-78 capable of producing another 180,000 bpd.
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