plus 10 more significant oil-producing nations with Russia by far the largest. Though non-OPEC members agree to cooperate with OPEC nations, Brazil won’t have any binding obligation such as ...

Brazilian authorities announced Tuesday the South American country's decision to join the Organization of 13 Petroleum Exporting Countries (OPEC) and 10 observer nations, commonly referred to as ...

Brazil's accession was announced a day after President Luiz Inácio Lula da Silva visited Riyadh, where he was welcomed by Saudi Crown Prince Mohammed bin Salman Effective Jan. 1, 2024, South ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

upon announcing the country's plans to join OPEC+. "Brazil needs to grow, develop and create income and jobs." OPEC brings together major oil-producing countries, including Iran, Iraq, Nigeria and ...