Petrobras Restarts Tupi Output
Brazil's Petrobras has restarted production at its flagship Tupi offshore oilfield, restoring one of the country's most productive pre-salt assets.
The rare earths market and tariffs on Indian goods are unrelated to this news, but Brazil’s rise as a top-five global oil producer is gaining momentum.
The Cidade de Angra dos Reis floating production vessel resumed operations after completing maintenance and compliance work ordered by Brazil’s oil regulator.
The restart is expected to lift output by tens of thousands of barrels per day as Tupi returns to pre-shutdown levels.
Author's summary: Petrobras restarts Tupi oilfield production.
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