Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

EQT and NextDecade Strike 20-Year LNG Supply Deal

September 4, 2025

AI Hype Is Crashing Into Reality. That’s Good for the Tech’s Future.

September 4, 2025

Shell and BP Stations Running Low in Indonesia on Import Cuts

September 4, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » IEA Considers Brazil’s Membership Bid
OPEC Announcements

IEA Considers Brazil’s Membership Bid

omc_adminBy omc_adminSeptember 2, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Brazil wants a seat at the International Energy Agency’s table, filing a formal request this week to move from partner status to full membership.

On Tuesday in Paris, Brazil’s ambassador delivered a letter from Foreign Affairs Minister Mauro Vieira and Mines and Energy Minister Alexandre Silveira to IEA chief Fatih Birol, saying the government wanted to begin the accession process. The ministers pointed to the IEA’s support on energy security, data, and policy analysis, while stressing Brazil’s weight as both a major oil exporter and a leader in renewable power.

“Recognising the challenges that lie ahead in the energy landscape and the strategic support that the IEA provides to its member countries … [we are] pleased to inform you that our government would like to initiate accession procedures to the IEA as a full member,” the letter said.

For the IEA, Brazil’s bid is significant. Latin America’s largest economy brings both heft and contradictions: it is a leader in biofuels and hydropower, yet it is also expanding oil output aggressively. Petrobras, the state-controlled oil major, has committed $111 billion in spending through 2029—$77 billion of which is earmarked for oil and gas exploration and production. The company recently hit record operated output of 4.19 million boe/d in Q2 2025, but has disappointed investors by holding back dividends to fund this expansion.

Brazil’s government has made no secret that higher oil revenues will help fund social programs and even parts of the energy transition. President Lula da Silva argues that emissions reductions require investment—some of which must come from Brazil’s deepwater riches.

At the same time, Brazil has positioned itself carefully within producer alliances. In early 2025 it joined OPEC+, but on non-binding terms that exempt it from production cut quotas. The move gave Brasília a seat at the table while preserving its freedom to chase a 5.4 million bpd production target by 2030.

The IEA accession bid reflects Brazil’s other face: the climate leader that will host COP30 and touts its renewables-heavy power grid. Solar has surged, nuclear is expanding, and biofuels remain central. For Fatih Birol, the IEA’s executive director, Brazil is “a cornerstone of the global energy system today and its importance is only set to increase.”

That dual identity—climate champion and oil growth engine—will shape Brazil’s role inside the IEA. Membership, if approved, would tie the country more tightly into international cooperation on energy security and transitions, even as Petrobras drills deeper into the pre-salt.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

EQT and NextDecade Strike 20-Year LNG Supply Deal

September 4, 2025

Guyana’s Pro-Oil President Wins Re-Election

September 4, 2025

Oil Prices Slip After API Reports Unexpected Inventory Build

September 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Alberta oil output hits record high in July as well production surges

By omc_adminSeptember 4, 2025

Cenovus Energy’s oil sands production site at Christina Lake. Image: Cenovus Energy (Bloomberg)…

Shell returns to Angola after two-decade absence

September 3, 2025

ConocoPhillips to cut up to 25% of workforce in 2025 restructuring

September 3, 2025

ConocoPhillips will cut up to 25% of workforce, spokesperson says

September 3, 2025
Top Trending

Weatherwatch: Repair of ozone layer is making the planet warmer, study finds | Ozone layer

By omc_adminSeptember 4, 2025

Spain and Portugal wildfire weather made 40 times more likely by climate crisis, study finds | Climate crisis

By omc_adminSeptember 4, 2025

Neuberger Berman Joins Blackstone as Investor in Sustainability Software Provider Sphera

By omc_adminSeptember 3, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

Shell and BP Stations Running Low in Indonesia on Import Cuts

September 4, 2025

Tamboran Secures Government Approval to Sell Beetaloo Appraisal Gas

September 4, 2025

ConocoPhillips to cut up to 25% of workforce in 2025 restructuring

September 3, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.