Brazil Ramps Up Top Deep-Water Oil Field And Adds to Global Glut
Brazil’s state oil company is accelerating production from the world’s biggest deep-water field as crude prices hover near a five-year low and the global market braces for glut.
By Peter Millard · Bloomberg Markets
Brazil’s state oil company is accelerating production from the world’s biggest deep-water field as crude prices hover near a five-year low and the global market braces for glut.