Petrobras Reports Flat Oil Output for Q1 ...Middle East

OILPRICE - Economy
Petrobras Reports Flat Oil Output for Q1
source : OILPRICE ( Middle East ) () 59
Petrobras booked a virtually flat crude oil production for the first quarter of the year, at 2.77 million barrels daily, down by 0.2% on the first quarter of 2024. It was up by 5.4% sequentially, however, the Brazilian state energy major reported. Production of crude specifically registered a decline of 1%, to 2.21 million barrels daily, Reuters reported, citing the company’s first-quarter report. Petrobras attributed the overall quarterly increase in oil and gas production to lower losses resulting from maintenance-related suspensions of…

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