A Growing Influence in the Oil Landscape

Brazil has just made a strategic choice that could reshape the dynamics of the international oil market. By formalizing its accession to OPEC+, the alliance bringing together the main oil-producing countries, the leading South American economy confirms its status as an energy industry heavyweight. This decision comes at a key moment, with COP30 approaching, where debates on energy transition and dependence on fossil fuels are intensifying.

Brazil ranks among the seven largest global producers with a production nearing 4.3 million barrels per day, representing approximately 4% of the global supply. By joining OPEC+, it secures a place in strategic discussions alongside industry heavyweights, including Saudi Arabia and Russia.