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.
FBI chief Kash Patel told the U.S. Senate on Tuesday there was “no credible information” that Jeffrey Epstein trafficked women or underage girls t...
Three officers were shot dead and two critically wounded in Pennsylvania after a confrontation with a gunman who was later killed by police, authoriti...
Kazakhstan has resumed oil exports via the Baku–Tbilisi–Ceyhan (BTC) pipeline. KazMunayGas said through its press service that a shipment of 8,80...
The long-awaited Zangezur Corridor in Azerbaijan, is set to become a vital transit artery—integrating the Turkic world and revitalising the Middle C...
Palaeontologists in Peru unveiled the fossilized skeleton of an ancient, dolphin-like creature estimated to be between 8 and 12 million years old....
Former Brazilian president Jair Bolsonaro was taken to the hospital on Tuesday after feeling unwell, according to CNN Brasil. The 70-year-old has a history of health problems linked to a 2018 stabbing attack.
High hotel prices for Brazil's COP30 climate summit in November have prompted the United Nations to urge its staff to limit attendance, while government delegations are still scrambling to find rooms within their budgets.
Brazil’s Supreme Court on Thursday sentenced former President Jair Bolsonaro to 27 years and three months in prison for attempting to remain in power through a coup following his defeat in the 2022 election.
Thousands of supporters of former far-right Brazilian President Jair Bolsonaro staged protests across several cities on Sunday, days ahead of the conclusion of his trial for allegedly plotting a coup after losing the 2022 presidential election.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
European shares nudged up on Thursday after the U.S. Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning.
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on the island, was once a source of patriotic pride.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment