Oil production in Brazil rose 4.6% in April from March, figures from the ANP national oil regulator showed, the second monthly rise in a row, led by rising output from Petrobras and Royal Dutch Shell

Oil prices slipped, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery

The seventeenth round of bidding was scheduled to take place in November this year, while the eighteenth round was slated for 2021

South America’s largest oil producer, Brazil, will launch discussions on potentially joining OPEC in July, Brazilian Energy Minister Bento Albuquerque said