Brazil Oil Output Rebounds After Platform Outages Cut Production in November

Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America’s largest crude producer can confound OPEC efforts to micromanage the market.

Brazil’s daily oil production slid roughly 8% to an average of 3.696 million barrels in November, according to Bloomberg calculations based on preliminary figures from oil regulator ANP. The drop from an all-time high the previous month stemmed from platform outages at offshore fields such as the mammoth Buzios.