According to ANP data, as a result of the expansion of the coronavirus, oil prices have been falling more and more in the international market.
According to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP), released last Friday (20), oil production in Brazil fell by 6.2% in February compared to January of this year. On average, around 2.971 million barrels of oil were produced daily last month.
Oil prices have been plummeting in the international market due to the coronavirus pandemic.
The production of natural gas volume in the country had a decrease of 6.5% in February. An average of 129.8 million cubic meters per day (m3/day). Thus, oil and gas production reached a total of 3.788 million daily barrels of oil equivalent (BOE/day). This represents a drop of 6.2% compared to January.
In the country's total, Petrobras had 72.3% of production, followed by Shell (12.4%), Petrogal (3.4%), Repsol Sinopec (2.4%) and Equinor (2%).
prices at refineries
On Thursday (19), Petrobras confirmed a cut of 12% in the price of gasoline and 7.5% in the price of diesel in its refineries. As a result, that year the decline in gasoline amounts to 30.1%. And diesel oil price dropped by 29.1%.
The cut in fuel prices is taking place at a time when oil prices are having a sharp drop as a result of the expansion of the coronavirus pandemic in the world and the slowdown of the global economy.
This week the US benchmark WTI crude lost 29%, the steepest since the start of the Gulf War in 1991. Brent crude, meanwhile, lost 20%. Both benchmark contracts have accumulated four straight weeks of declines.
