Report Points to Brazil's Growth in Hydrocarbon Production

The Brazilian Ministry of Mines and the Energy Research Company (EPE) published a report on Brazil's 10-year energy expansion plan to 2035. The plan outlines oil production of 4.9 million barrels per day (BBL/d) by 2035, about 44% more than 2024's volume. Production will peak at 5.1 million BBL/d in 2032.