The B in BRICS stands for Brazil.

No surprising that the state oil company Petrobas is one of the largest oil companies in the world. Brazil accounts for 2.9% of world production, and produce 2,346,000 barrels of oil per day.

What is worth of the Brazilian Economy ?

2,346,000 barrels of oil, oil is worth per barrel $48.37 so this equates to $113,476,020 which is £74,709,300.

Yes £74million a day is the “Crude Oil” value to Brazil.