Petrobras sees oil output cap outside OPEC unlikely, source says

Oil producers outside the Organization of Petroleum Exporting Countries are unlikely to agree to any suggestion from the group to limit production, an unnamed official at Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday.

Even if OPEC extended to countries outside the group a request to join its strategy to limit crude output and prop up prices, “it would be very hard for non-OPEC nations like Brazil to accept it,” said the official, who requested anonymity because the matter is sensitive.

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