Brazil's Petrobras P-66 FPSO in the Santos basin
Brazil rides a production wave
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
Brazil’s crude production is set to rebound strongly in 2025 after dipping slightly in 2024. Output averaged 3.5m b/d last year as a sharp fall at the Tupi field, the largest in the Santos Basin pre-salt, together with an almost 15% slump from the post-salt, resulted in a minor decline. Pre-salt production has continued to ramp up offshore Brazil and 2025 is likely to be similar. The Brazilian Petroleum and Gas Institute (IBP) estimates output will increase by 6% in 2025, rising to 3.6m b/d for the full year, the direct result of several offshore production systems reaching startup. OPEC expects Brazil to be among the main growth drivers of the global oil market in 2025. “The Brazilian
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
