BRAZIL PASSES THE BILLION-BARREL MARK FOR ANNUAL PRODUCTION FOR THE FIRST TIME

Highlights:

• Brazil produced 1.018 billion barrels of oil in 2019
• In December, the output increased 15.44% over the same month in the previous year
• Total oil production in the pre-salt area was up by 21.56% from 2018

In 2019, Brazil produced 1.018 billion barrels of oil. This marks the first time the South American nation passed the billion-barrel mark f....