Petrobras' oil production in Brazil reached a monthly record in January, the company said on Tuesday, even as a global financial crisis hurt demand for commodities and knocked oil prices lower.

Petrobras produced 1.923 million barrels per day in January, a 5.3 percent rise compared to January 2008 and up 2.5 percent from volumes in December last year.

But the company said natural gas production in Brazil was 47.09 million cubic meters a day in January, 5.2 million cubic meters less than in December 2008.

Petrobras' average oil and gas production in Brazil reached 2.21 million barrels a day in January, a 4.8 percent rise on production in January 2008 and a 0.7 percent increase in December 2008.

Total oil and natural gas production in Brazil and abroad reached a daily average of 2.43 million barrels in January, a 3.8 percent rise on January 2008 and the same as December 2008. (Reporting by Camila Moreira and Marcelo Texeira; Writing by Ana Nicolaci da Costa; Editing by Tim Dobbyn)

Energy