Brazil Spots For Seat in OPEC- Talks Likely To Initiate in G20 2020 Summit

  • Jan 23, 2020 AEDT
  • Team Kalkine

Brazil would apply for a membership at the Organization of the Petroleum Exporting Countries (or OPEC); however, is not sure if it would receive the membership of the oil cartel in 2020-says Brazil’s Energy Minister Bento Albuquerque.

  • The market is looking Brazil’s stance with scepticism over the minister’s statement related to complying with the OPEC production cut.
  • Brazil, which became a net exporter of oil last year, could curb the production or not, and it would depend upon negotiations ahead- as stated by Bento Albuquerque.

 

 

 

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