In a first, Brazil produces more than one billion barrels of oil in 2019

Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday.

In a statement, the regulator, known as the ANP, said 2019 output increased 7.78% over the previous year. Brazil produced 3.106 million barrels per day of oil in December, up 0.52% from the previous month and up 15.44% from December 2018.

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