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Petrobras reports Q2 production up 7.8%, with China now importing over half of its crude.
Petrobras reported a 7.8% rise in Q2 oil, gas, and natural gas liquids production, reaching 2.91 million barrels of oil equivalent per day.
The increase is attributed to new floating production vessels.
China's share of Petrobras' crude exports rose to 54%.
Despite a 7% year-over-year increase in greenhouse gas emissions, the company launched a venture capital fund focused on decarbonization.
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Petrobras informa que la producción del segundo trimestre aumentó un 7.8%, y China ahora importa más de la mitad de su crudo.