2025-02-20 06:45:00
BRAZIL, OPEC COOPERATION
OPEC - 18 Feb 2025 - OPEC welcomes the decision approved today by the National Energy Council of the Federative Republic of Brazil (CNPE) that formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation (CoC) between oil producing countries.
The decision comes after an initial announcement made by HE Hon. Alexandre Silveira, Minister of Mines and Energy of Brazil, at the 36th OPEC and non-OPEC Ministerial Meeting (ONOMM) on 30 November 2023. This followed the historic official visit of HE Haitham Al Ghais, OPEC Secretary General, to Brazil in October 2023 — the first ever by an OPEC Secretary General to the South American nation.
Under the able leadership and efforts made by HRH Prince Abdul Aziz bin Salman Al Saud, Saudi Arabia’s Minister of Energy, and Chairman of the OPEC and non-OPEC Ministerial Conference, several visits and high-level bilateral meetings took place throughout 2024, which culminated into today’s significant announcement.
The Charter of Cooperation established in July 2019, provides a platform to facilitate dialogue and exchange views regarding conditions and developments in the global oil and energy markets. The goal is to contribute to a secure energy supply and lasting stability for the benefit of producers, consumers, investors and the global economy.
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Earlier:
2025, February, 7, 06:50:00
OPEC + RUSSIA: HIGH CONFORMITY
The JMMC reviewed the crude oil production data for the months of November and December 2024 and noted the high overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC). The improved conformity further reaffirms the DoC countries’ shared objectives of unity and cohesion.
2024, December, 13, 06:55:00
OPEC+ RUSSIA: ADJUSTMENTS 2.2 MBD
The meeting was conducted to reinforce the precautionary efforts of OPEC+ countries, aiming to support the stability and balance of oil markets. The aforementioned countries decided, in addition to the latest decisions from the 38th ONOMM, to extend the additional voluntary adjustments of 1.65 million barrels per day that were announced in April 2023, until the end of December 2026.
2024, November, 5, 06:55:00
OPEC OIL PRODUCTION UP
Supplies from the Organization of Petroleum Exporting Countries increased by 370,000 barrels a day to 29.9 million a day in October, according to a Bloomberg survey. The gain was tempered by reductions in Iraq, Iran and Saudi Arabia.
2024, October, 23, 06:50:00
BRICS NUCLEAR EXTENSION
BRICS member countries currently have 390 GWe of operable nuclear power units with a further 66 MWe under construction.
2024, October, 1, 06:45:00
OPEC UNCERTAINTY
Global oil demand is now expected to grow by 0.9 to 1.2 million barrels per day (mbpd) in 2024, down from previous estimates of 1 to 1.3 mbpd, as per the poll.
2024, September, 30, 06:45:00
BRICS ENERGY EXPANSION
Since expanding to include OPEC members Iran and UAE at the beginning of 2024, BRICS' energy footprint has increased significantly.
2024, August, 28, 06:30:00
BRAZIL NEED URANIUM
According to World Nuclear Association, exploration in the 1970s and 1980s showed that Brazil has reasonably assured resources of 210,000 tonnes of uranium. However, there has been little investment in exploration since the mid-1980s.
2024, July, 10, 06:55:00
БРИКС: 35,7%
БРИКС сегодня объединяет десять стран: Бразилию, Россию, Индию, Китай, ЮАР, а также Египет, Эфиопию, Иран, Саудовскую Аравию и ОАЭ. В "Большую семерку" входят США, Япония, Германия, Франция, Великобритания, Канада и Италия.