Commodities 2024: Brazil’s oil, gas output to head higher amid ongoing energy transition

Brazil is expected to continue to boost oil and natural gas production in 2024 amid the ongoing development of offshore fields, but a shift in energy policy strategy back toward a state-led model under President Luiz Inacio Lula da Silva and his Workers’ Party (PT) has renewed uncertainties about future growth. The ramp-up of four new floating production, storage and…Brazil is expected to continue to boost oil and natural gas production in 2024 amid the ongoing development of offshore fields, but a shift in energy policy strategy back toward a state-led model under President Luiz Inacio Lula da Silva and his Workers’ Party (PT) has renewed uncertainties about future growth. The ramp-up of four new floating production, storage and…  Read More