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Reuters
Reuters
Business
Nidhi Verma

Brazil discussing oil output boost with US amid Ukraine crisis - Minister

FILE PHOTO: Brazil's Energy Minister Bento Albuquerque speaks during the inauguration ceremony of the new Brazilian director of the Itaipu hydroelectric dam Admiral Anatalicio Risden Junior, at the Itamaraty Palace, in Brasilia, Brazil, February 22, 2022. REUTERS/Adriano Machado

Washington and Brazil have discussed the South American nation's role in keeping a lid on global crude prices since Russia's invasion of Ukraine, Brazilian Energy Minister Bento Albuquerque told Reuters in an interview on Wednesday.

Brazil, with a current output of around 3 million barrels of oil per day (bpd), has been increasing production for years and is aiming for a 10% increase to 3.3 million bpd in 2022.

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