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Brazil's Oil Production Growth (2025-2026)
Daily oil production in Brazil measured in millions of barrels per day.
Primary Sources
Could Brazilian oil emerge as one of the big winners of the Iran war ...
China and India are increasingly turning to Brazil to make up for lost oil supplies as the fallout from the US-Israel war on Iran continues to disrupt energy trade through the Strait of Hormuz.With oil harder to access and Russian supply largely constrained by sanctions, Asian buyers are scrambling for crude from suppliers seen as safer and more reliable.Recommended Stories list of 4 itemslist 1 of 4Will Messi play in the World Cup after his Inter Miami injury scare?list 2 of 4Abandoned flotilla boat washes ashore in Egypt with Gaza aidlist 3 of 4What’s inside the Kaaba and what covers it? The story of the Kiswahlist 4 of 4Israel kills three in attacks on Lebanon, issues more displacement ordersend of listBrazil, which is already one of the world’s biggest oil exporters, has emerged as one of the clearest beneficiaries.Sumit Ritolia, a specialist in modelling refinery and oil markets at Kpler, told Al Jazeera: “The disruption caused by the Iran war and the closure of the Strait of Hormuz has increased the importance of Brazil as a marginal crude supplier to Asia.”“China and India in particular have increased purchases of Brazilian crude to secure barrels that are not exposed to Gulf shipping disruptions,” he added.Analysts say Brazil cannot replace the Middle East as Asia’s main oil supplier. However, as shipping risks rise in the Gulf amid Iran’s effective closure of the Strait of Hormuz and the corresponding naval blockade on Iranian ports by the United States, its oil has become increasingly attractive to refiners seeking to avoid supply shocks.Asian countries imported about 1.2 million barrels per day (bpd) of crude from Brazil in 2025, according to data supplied to Al Jazeera by trade intelligence firm Kpler. That rose to roughly 1.8 million bpd between January and May this year, highlighting Brazil’s growing role in Asia’s efforts to diversify away from the Gulf.How much more oil is Brazil exporting?Brazil had already been increasing oil production in major offshore developments before tensions escalated in the Middle East.According to Kpler data, Brazil was producing about 3.77 million bpd of oil in 2025. Between January and May, this rose to an average of 4.06 million bpd, with 4.11 million bpd in May.But Ritolia said the increase is not just down to a rapid wartime production surge.“Since March 2026, Brazil’s production has increased only marginally by around 50,000 to 100,000 barrels per day, indicating limited short-term flexibility to rapidly r...
Iran War Timeline - Oil Price Impact | Oil Price Live
Day 86Sunday, May 24, 2026Trump: Iran Talks 'Constructive'; Oil -5%Trump said Iran talks are proceeding in an 'orderly and constructive manner' and that a deal to reopen the Strait of Hormuz was 'largely negotiated.' WTI fell ~5% to $91.65, Brent dropped ~5% to $98.30. Largest single-session decline since May 20. Markets pricing in near-term Hormuz reopening as both sides signal progress.Day 82Wednesday, May 20, 2026WTI $98.51 -3.7%Brent $105.08 -3.8%Trump Calls Off Iran Strike; Oil CrashesPresident Trump called off a planned military strike on Iran at the request of Qatar, Saudi Arabia, and UAE leaders. Trump stated the war will end "very quickly." WTI plunged ~10% and Brent fell ~6% on de-escalation hopes, though Trump also warned the US may need to strike Iran again.Day 75Wednesday, May 13, 2026WTI $101.40 -0.1%Brent $106.31 -0.9%Trump-Xi Beijing SummitTrump arrives in Beijing for meeting with Chinese President Xi Jinping. Iran expected on agenda — analysts say no military escalation expected while summit is ongoing. China is Iran's largest oil buyer and a key mediator. Summit could produce pressure on Iran to accept deal terms or signal US pivot to diplomatic track via China. Oil risk premium fading ahead of meeting.Day 74Tuesday, May 12, 2026WTI $101.51 +0.6%Brent $107.30 +0.5%Trump Rejects Iran CounterofferTrump rejected Iran's counteroffer to end the war, calling it 'TOTALLY UNACCEPTABLE.' Netanyahu warned conflict is 'not over.' Iran's response to the US 14-point MOU was deemed insufficient. Oil surges ~5% overnight (WTI $95→$100, Brent $101→$106) as market reprices deal collapse risk. Witkoff had warned in Oman that next round was 'last chance.'Day 73Monday, May 11, 2026WTI $100.92 +3.5%Brent $106.75 +2.7%US-Iran Fourth Round of Talks in OmanFourth round of US-Iran negotiations held in Oman ahead of Trump's Middle East visit. High-level talks only (no technical negotiators). Both sides called discussions 'difficult but constructive' after 3+ hours. Agreed to continue talks. Focus on broader framework for ending war and nuclear terms.Iran Drone Attacks on UAE, Qatar, KuwaitIran expanded drone attacks to multiple Gulf states over the weekend. UAE intercepted 2 Iranian drones, Qatar condemned a drone attack on a cargo ship in its waters, Kuwait said air defenses encountered hostile drones entering its airspace. Marks significant escalation — Iran now targeting Gulf neighbors beyond UAE for the first time since ceasefire. Combined with Trump's rejecti...
Separating business of war from economics of oil
In his recent visit to Beijing, Trump followed up on the discussions with Xi Jinping with a hint of easing sanctions on Chinese independent ‘teapot’ refineries that process Iranian crude(Express illustrations | Sourav Roy)Updated on: 20 May 2026, 6:30 pm4 min readWith the US-Iran conflict moving into its third month, an ominous suspense pervades global energy markets. The blockade of the Strait of Hormuz has halted the flow of a fifth of the world’s oil and liquefied natural gas supplies, and triggered the largest energy disruption in history. With more than a billion barrels of oil already lost, the soaring benchmark crude prices are maintaining an extreme upward pressure on refined products like diesel and jet fuel, with a cross-sectoral effect. The shortage of sulphur (a by-product of crude oil and gas processing critical for fertiliser production) and loss of fertiliser shipments from the Persian Gulf could affect global food security. Stalled projects and job losses are inevitable as cost cutting becomes unavoidable. The economic pain is sure to prevail at all income levels. Efforts to artificially stabilise markets and curtail inflation shocks prompted major oil consumers and the International Energy Agency—comprising 32 member, 13 association and six ‘accession’ countries—to initiate a historic release of strategic reserves. One of the criteria for the agency’s membership is the “capability of contributing its share of an IEA collective action which would be initiated in response to a significant global oil supply disruption and would involve IEA member countries making additional volumes of crude and/or product available to the global market (either through increasing supply or reducing demand)”. Out of the pledged release of 400 million barrels, 164 million barrels have already entered the global markets, according to the latest IEA report.Saudi Aramco and Abu Dhabi National Oil Company bypassed the choked maritime route and partially mitigated the loss of supply through alternative overland pipelines. However, these supply measures proved insufficient in addressing price volatility. On the other hand, demand curtailment is only a temporary panacea as stockpiles are fast depleting and parleys between the combatants are failing to make headway. Most developed and emerging economies hold strategic petroleum reserves (SPRs) to enhance energy security in periods of exigency. Japan and South Korea follow a public-private partnership for their SPRs, lea...
Brazil's Lula Doubles Down On Oil And Rare Earths As Brazil's Strategic ...
President Lula is tying Brazil's oil and rare-earth development directly to national sovereignty, arguing that the country must use its natural resources to drive domestic industrialization.
