Brazilian output reaches historic peak in November

The Brazilian oil and gas production reached its highest level in November, surpassing the previous record set in September, according to data from the regulator ANP.

The total production of oil and natural gas increased to 4.698 million barrels of oil equivalent per day in November, as reported by ANP. The oil extraction alone grew by 18.8% year-on-year, reaching 3.678 million barrels per day.

Meanwhile, natural gas production increased by 15.5%, totaling 162.12 million cubic meters per day.