Bloomberg reported that the Royal Dutch Shell Plc’s oil production in Brazil dropped 35% in December at 48,499 barrels per day, compared to the previous year.
As quoted in the market news:
Shell dropped to third place among crude producers in Brazil in July, after being overtaken by Statoil ASA. (STL) State-controlled Petroleo Brasileiro SA (PETR4), or Petrobras, is the largest producer.
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