Brazil joined the OPEC+ co-operation agreement.
It is stated that the country’s officials will not support the alliance’s efforts to reduce oil production.
Earlier, Brazilian President Luiz Inacio Lula da Silva said that the country wants to join OPEC+ only as an observer and will never join the alliance as a full member. Brazil’s participation was announced in November 2023.
The alliance currently comprises 23 countries, including the largest producers, Russia and Saudi Arabia. The main purpose of OPEC+ is to protect the interests of the member countries. The budgets of these countries are largely formed at the expense of oil production and exports, so the main issue for the organisation has become the control of prices on the global oil market.
https://ru.apa.az/amerika/braziliya-prisoedinilas-k-opek-549531
