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Brazil on OPEC+
February 21 , 2025
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- Brazil’s government approved to joining OPEC+, a group of major oil-exporting nations.
- OPEC+ officially invited Brazil to join the organization in late 2023.
- Brazil is the largest oil producer in South America, with an output of around 4.32 million barrels of oil per day.
- The U.S. is the world’s largest producer at nearly 22 million barrels daily, with Saudi Arabia, the largest producer in OPEC, at about 11 million barrels.
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