Oil production in Brazil drops 8%

Brazil’s average oil production totalled 2.73 million barrels per day in February, down 8% compared to the same month a year earlier, ANP data showed. Adding up oil and gas production, the country produced an average of 3.55 million barrels of oil equivalent (boe/d) in the second month of the year, down 6% compared to a year earlier.

Source: Money Times