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Brazil's energy and mines minister Bento Albuquerque has put a full stop at the speculations of Brazil joining OPEC. He said, "We don’t want restrictions; we want to increase our production”. However, the minister also said that Brazil is open for discussion with OPEC members regarding possible cooperation. The market started expecting this incorporation when President Jair Bolsonaro announced personal aspirations to join the organisation in October 2019.
