Brazil's Costa says Shell production reached a record 500k BPD in Brazil in March

This record production level from Shell in Brazil highlights a significant supply-side boost in the oil market, potentially influencing global prices.

Newsquawk StaffPublished 8 Apr 2026, 14:57 UTCOn the live feed at 14:37 UTC — 6 more headlines followed before this page went public

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14:44

US White House pushed Pakistan to broker the Iran ceasefire, believing it being delivered via Pakistan would increase the odds of acceptance; Trump has sought a ceasefire amid oil price concerns since at least March 21st, FT reports citing source

14:40

Brazil's Lula says government to propose a bill to cut working hours without a salary reduction, to be proposed this week; would nationalise refineries if it "were up to me"

14:37

Brazil's Costa says Shell production reached a record 500k BPD in Brazil in March

14:34

Oil tankers passing through the Strait of Hormuz have been stopped by the IRGC after Israel's ceasefire breach, Fars News Agency reports

14:31

[MARKET UPDATE] Crude continues to lift off lows on further reporting that Iran would consider withdrawing from the ceasefire if attacks against Lebanon do not stop

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Context

It may alleviate some upside pressure on crude prices amid ongoing concerns about supply constraints, and could shift focus towards future output expectations from other producers in the region. Traders should watch for any implications on energy-related assets and overall market sentiment towards oil supply dynamics.

Energy · last 90 days

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ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

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