Brazil’s oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt basin, oil regulator ANP said on Wednesday. Last month, Brazil’s total oil and natural gas production also set a new production record, exceeding 4 million barrels of oil equivalent per day (boe/d) for the first time ever, the regulator said, noting that combined oil and gas production stood at 4.041 million boe/d. Oil production in January 2020 rose by 2 percent compared to December 2019 and by 20.43 percent compared to January 2019, ANP said. In ... (full story)