*Brazil exceeded expectations in 2025, with oil production soaring by 400,000 b/d to a record 3.77mn b/d. After years of underwhelming growth that has come in under-expectations, Brazil finally capitalized on its potential.
*Production hit multiple monthly records in 2025. It ended the year at 4.01mn b/d, just below the October record of 4.03mn b/d, setting itself up for another big annual gain in 2026. (CONTINUED - 176 WORDS)