OPEC Says Door Is Open for Brazil To Join Oil Group ...Middle East

OPEC’s door is open should Brazil wish the join the oil exporting group, OPEC’s Secretary General HE Haitham al-Ghais said at this week’s Argus European Crude Conference. “Today, Brazil has become one of the biggest exporters and they’ve stopped buying up crude. So the door is open,” al-Ghais said. For OPEC, it makes sense to bring Brazil into the fold, with its oil and gas production hitting record highs in July of 4.48 million boe/d. Oil output was up 18.6% year over year according to ANP data, reaching 3.51…

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