Output of oil and natural gas in Brazil fell to its lowest in 14 months in January as companies performed maintenance on offshore oil platforms, the country’s petroleum regulator ANP said on Thursday.
Forty-three companies in Brazil produced an average of 2.965 million barrels of oil and equivalent natural gas a day (boepd) in the month, 3.6 percent less than a year earlier and 6.3 percent less than it produced in December.
Petroleo Brasileiro SA, or Petrobras, plans to increase oil platform maintenance shutdowns through June, taking advantage of low oil prices and low demand to fix and upgrade equipment, Reuters reported on Monday.
Brazil Energy Insight 
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