1. Brazil Fails to Bring the Oil Bonanza into 2024 - Brazil has been one of the fastest-growing oil producers of the 2020s, reaching a crude production all-time high of 3.73 million b/d in early 2024, but production woes have hampered its performance since. - Oil production has plunged almost 25% since the beginning of this year, mostly caused by unnamed technical problems encountered at the Mero and Tupi pre-salt fields. - Simultaneously to the string of technical issues, the environmental agency that should approve new production equipment…
