Brazil expects OPEC invite, sees moderating role

Brazil, which has found big offshore oil reserves in the subsalt cluster, expects an invitation by OPEC to join the exporter countries’ cartel, Energy Minister Edison Lobao was quoted as saying on Friday.

Lobao said in an interview with Valor Economico business newspaper that his estimates were based on the fact that Brazil had been called up for a meeting of oil producer and consumer nations in Jeddah last weekend.