Brasília, Brazil, February 18, 2025 – Brazil’s government has approved joining OPEC+, a group of major oil-exporting nations, signaling a significant step in the country’s evolution into a prominent oil state.
The decision comes just nine months ahead of Brazil hosting the United Nations’ annual climate summit.
The National Council for Energy Policy granted approval in response to an official invitation received in 2023. OPEC+ comprises the 12 members of OPEC alongside 10 additional key oil-producing nations, with Russia being the largest among them. However, Brazil’s participation will be limited to the Charter of Cooperation—a permanent forum for discussion—without binding obligations such as production cuts.
“At this stage, our involvement is strictly as a forum for discussing strategies among oil-producing countries,” said Mines and Energy Minister Alexandre Silveira at a news conference. “We should not be ashamed of being oil producers. Brazil needs to grow, develop, and create income and jobs.”
Under the Charter of Cooperation, Brazil will be able to engage in dialogue with other members on industry-related issues but will not participate in decision-making processes regarding production policies. The move reflects Brazil’s broader objective to balance its economic growth and energy development with its commitments to environmental and climate-related initiatives.
As Brazil positions itself within the framework of OPEC+, industry analysts will be watching to see how this step impacts the country’s oil sector and broader economic strategy ahead of the upcoming UN climate summit.
The imposing figures of three Confederate leaders, carved into the granite face of Georgia’s Stone Mountain, have loomed over the landscape outside ...
Europe must strengthen its own digital infrastructure to lessen reliance on U.S. providers, though this should not mean cutting ties with them entirel...
U.S. Ambassador to India Sergio Gor said he held talks with Indian Prime Minister Narendra Modi, focusing on key bilateral issues including trade, def...
Japan’s Expo 2025 in Osaka continues to draw large crowds, welcoming more than 100,000 visitors daily and attracting 25 million since opening nearly...
On Monday, Egypt will host an international peace summit in the Red Sea city of Sharm el-Sheikh, co-chaired by Egyptian President Abdel Fattah al-Sisi...
Brazilian Supreme Court Justice Luis Roberto Barroso announced on Thursday, that he is stepping down from the court, well before his mandatory retirement in 2033.
Heads of state are due to start arriving in the Amazonian city of Belém in a month’s time for the United Nations climate summit, yet much of the infrastructure intended to welcome them remains incomplete.
Brazilian President Luiz Inacio Lula da Silva on Wednesday called on countries to remain committed to the Paris Agreement and to strengthen global efforts against climate change during his address at the United Nations Climate Summit in New York on Wednesday.
U.S. President Donald Trump said on Tuesday that he will meet Brazilian President Luiz Inácio Lula da Silva next week, as tensions between Washington and Brasília deepen over tariffs and sanctions.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment