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Opec hints Brazil could be membership candidate
Opec has made progress in talks on expanding its membership and rising producer Brazil could be interested, according to secretary general Haitham al-Ghais. Opec has held consultations with Mexico, Azerbaijan, Malaysia and Brunei, which are all members of the wider Opec+ alliance. But Brazil, which is not a member of Opec+, would be new. Speaking at this week's Argus European Crude Conference, al-Ghais said Opec always has an "open door policy" and highlighted his recent visit to Brazil. "Today Brazil has become one of the biggest exporters and they've stopped buying up crude. So the door is open," al Ghais ... (full story)