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Story summary
- Brazil’s oil sector raised output to a record 4.5 million barrels per day in June 2026.
- China’s crude imports fell 40% from February to May, prompting a surge in Brazilian oil purchases.
- Brazil’s oil exports to China reached a record $15.1 billion in the first half of 2026.
- Petrobras announced an Equatorial Margin offshore find, which President Luiz Inácio Lula da Silva called a ‘passport to Brazil’s future.’
