Brazil’s Oil Production Hits Record

Brazil pumped a record 1.73 million barrels of oil a day in May and expects to reach self-sufficiency within a year, the federal oil company Petrobras said Thursday.

May output was 1.5 percent higher than in April and fully 21.1 percent more than a year earlier, Petrobras said. Production peaked at 1.82 million barrels on May 12, a national record, the company said.
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