Brazil is set to join the OPEC+ group in January, according to Petrobras CEO Jean Paul Prates. While Brazil's inclusion raises questions about participation in production caps, Prates clarified that there would be no quotas for Brazil, emphasizing the country's commitment to not accept production limits. Brazil, as the largest oil producer in South America, will become an observer member, contributing to OPEC's energy transition efforts. The formal acceptance of the invitation is expected by June.

SOURCE:GOOGLE