Oil’s Quiet Power In Brazil: Exports, Revenues, And The 2026 Growth Bet

Key Points Oil is small in GDP. It still drives exports, tax income, and investment. Output hit about 3.309 million barrels per day in October 2025. Pre-salt was roughly 81% of production. Royalties and special participation reached about R$81 billion ($15 billion) in 2025. Gains are concentrated by state. Brazil is heading into 2026 with […]