Will Brazil Soon Join OPEC?

President Bolsonaro's wish for his country to join the Organization of the Petroleum Exporting Countries, or OPEC, could signal that Brazil is willing to make its energy industry better integrated with the global industrial chain, Chinese analysts said.

RIO DE JANEIRO, BRAZIL - (ECNS China) Jair Bolsonaro said that he would "personally like Brazil to become a member of OPEC" and that the partnership between Brazil and OPEC could help stabilize global energy prices, says ECNS China in its latest report.

"I think the potential is there. We have vast oil reserves," he said at an investment conference on Wednesday in Riyadh, adding that he had got an informal invitation from Saudi officials to join OPEC, but he would have to consult economy and energy ministers before making a decision.

There was no immediate public comment from Saudi authorities . . .

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