Brazil’s state-run oil company Petrobras reported average oil and natural gas output of 3.281 million barrels of oil equivalent per day (boed) in the first half of the year, up 15.1% from the same period in 2025

Oil prices appear to have settled into a ​range of $72 to $75 a barrel, although the market has yet ‌to fully normalize and the conflict in the Middle East continues to create uncertainty, the chief executive officer of Brazil’s state-run oil firm Petrobras

Brazil’s National Agency of Petroleum (ANP) said it will impose conditions before authorizing state-owned oil company Petrobras to resume drilling a controversial offshore well near the mouth of the Amazon River, after operations were suspended on Sunday due to a leak of fluid from company equipment

“This is the fifth-deepest well Petrobras has ever drilled, and it is a pioneer well in an unexplored area. That requires great care,” said Sylvia Anjos, Petrobras’ Exploration and Production director, at a press conference

The company’s CFO, Fernando Melgarejo, attributed the profit to an increase in crude output, which helped offset the decline in international prices

Petrobras produced an average of 4.54 million barrels of oil and gas equivalent per day in the third quarter of 2025, 17.3% more than in the same period last year, the company reported

Brazil has authorized controversial offshore oil exploration near the Amazon, less than a month before it hosts the U.N. climate summit (COP30), where it aims to present itself as a leader in environmental preservation

In total, 100,000 cubic meters of natural gas entered Brazil via pipelines passing through Bolivia, to test the “commercial and operational framework” of the agreement

Brazil, the world’s eighth-largest hydrocarbon producer, exceeded the 5 million barrels per day mark of combined oil and natural gas output for the first time in July, the National Petroleum Agency (ANP) reported

A consortium led by Brazil’s state-run oil company Petrobras, which includes ExxonMobil, was awarded five blocks in the controversial Foz do Amazonas basin during an auction held by the national energy regulator ANP