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Vale’s Iron Ore Output Surges 15%
Vale has seen its iron ore production jump by 15% from November to January, outpacing the growth of the previous year. Announced at a US conference, this rise combats the seasonal rain impacts on operations. This surge outstrips the 11% increase seen in the last quarter of 2023, reaching 89.4 million tons. December witnessed the […]
Petrobras records 3.1% increase in oil production in the first half of 2023
In the first half of 2023, Brazil’s Petrobras revealed a 3.1% growth in its oil and natural gas production, averaging at 3.71 million barrels per day (mbpd), compared to the same period in 2022. The company’s Q2 average daily production rose to 3.69 mbpd, a 3.9% increase from 2022, albeit a 1.4% decrease from Q1 […]