Brazil pre-salt output hits 1.9M bpd; union share up 86% in a year

Brazil's pre-salt oil production reached 1.9 million barrels per day in August, with the union's share of that output growing 86% year-over-year. The increase reflects expanded state-controlled production capacity, potentially altering Petrobras's output mix and fiscal revenues. The exact composition of the 'union' share and its implications for foreign partnerships remain unclear.