Brazil becomes largest oil producer in Latin America

With the decline in oil production in Venezuela and Mexico, Brazil has become the largest producer of the commodity in Latin America. In April, according to the National Petroleum Agency (ANP), Brazilian production reached 2.53 million barrels per day, while that of Venezuela — although it has not released official data since 2014 — totaled 2.19 million b/d, and Mexico’s stood at 2.01 million b/d. According to estimates, Brazil should maintain its leadership in the region. Last year, the country had already led production in Latin America in the comparison of daily averages, with 2.6 million barrels, against Mexico's 2.45 million and Venezuela's 2.41 million.

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