*Brazil’s crude output leapt by 380,000 b/d to a record 3.40mn b/d for 2023, providing the second largest increment globally after the USA’s 1mn b/d (MEES, 2 February).
*Output gains have come from the start-up of seven offshore FPSOs since early 2022, most recently 180,000 b/d-capacity Mero-2 in December. However, the IEA projects that Brazilian output growth will ease with forecast output of 3.7mn b/d for 2024. (CONTINUED - 164 WORDS)
