Decision occurs in a context of criticism, as the country is preparing to host COP30, an event that seeks alternatives to fossil fuels
O Brazil confirmed its adhesion to under the leadership of. The information was released by the Minister of Mines and Energy, during a meeting of the National Energy Policy Council (CNPE). OPEC+, which is an alliance of large oil -producing nations, has a significant influence on oil prices on the global market. This decision occurs in a context of criticism, as the country is preparing to host COP30, an event that seeks alternatives to fossil fuels. The invitation for Brazil to join OPEC+ was extended over a year ago, and the official confirmation took place during the climate summit in Dubai. Silveira also announced that Brazil will begin the process of joining the International Energy Agency (AIE) and the International Agency for Renewable Energy (Irena), expanding its participation in international energy forums.
OPEC, which was created in 1960, consists of 13 countries that are major oil exporters and together account for approximately 30% of world production. OPEC+ emerged in 2016, combining OPEC with other major producers, and currently this alliance represents about 40% of global oil production, increasing its relevance in the energy scenario. As one of the ten largest oil exporters in the world, Brazil’s inclusion in OPEC+ can bring significant benefits. However, Petrobras, the main oil producer in the country, is a mixed capital company, which can complicate the production coordination with other members of the alliance.
Posted by Sarah Paula
*Report produced with the aid of AI
