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    market news

    Shell’s Brazil Oil Production in December Plummets 35%

    Investing News Network
    Feb. 04, 2013 02:17PM PST
    Oil and Gas Investing

    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.

    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.

    Click here to read the full Bloomberg report.

    market newsbrazil
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