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Petrobras reports slight oil production dip but increases domestic sales and exports to India.
Petrobras, Brazil's state-run oil company, reported a slight 0.2% dip in oil production to 2.77 million barrels per day in the first quarter of 2025, though it saw a 5.4% sequential increase.
The boost came from better efficiency and new production facilities.
Despite a 1% yearly drop in Brazil's oil production and a 10.4% decline in exports, Petrobras increased domestic sales by 2.9%, focusing more on diesel, gasoline, and jet fuel.
The company also signed a deal to export more oil to India.
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Petrobras informa de una ligera caída en la producción de petróleo, pero aumenta las ventas domésticas y las exportaciones a la India.