RIO DE JANEIRO, BRAZIL – Brazil has been considered self-sufficient in oil since 2015 when the country started producing more than it consumes. According to government data, Brazil manufactures more than three million barrels per day of the so-called “black gold.”
Although impressive, the figure is less than a fifth of the production of the United States, the world’s largest oil producer. The country is also behind Saudi Arabia and Russia, which complete the top three positions, with more than 10 million barrels per day.
Brazil is in ninth place among the largest oil producers in the world . . .