Brazil Weekly

Brazil could become one of the world’s top 4 oil producers

Good morning! This week, we’re covering Brazil’s upcoming massive oil auctions. 600 days since the Marielle Franco murders. Brazil’s unemployment rates. (This newsletter is for platinum and gold subscribers only. Become one now!)

How Brazil could become one of the world’s top 4 oil producers

On Wednesday, the Brazilian government is set to auction off exploitation rights to the so-called “Transfer of Rights” oil fields—a series of massive deepwater reserves containing up to 16 billion barrels. The licensing auction alone is set to raise BRL 106 billion, with an additional BRL 1.7 trillion expected to be invested in infrastructure,...

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