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Tag: Brazil Oil Industry

RIO DE JANEIRO, BRAZIL - Petrobras shares closed Thursday, August 5, with a rise of almost 10% on the São Paulo Stock Exchange, boosted by the publication the day before of better-than-expected results for the second quarter of the...
RIO DE JANEIRO, BRAZIL - Petrobras signed a contract to sell its entire participation in seven onshore and shallow water concessions located in the state of Alagoas. The block, named Polo Alagoas, was sold for US$300 million to Petromais...
RIO DE JANEIRO, BRAZIL - In its worst trading session since September, crude oil prices traded sharply lower Thursday, March 18th, in the 5th consecutive down session, hitting two-week lows due to a stronger dollar, a further increase in...
RIO DE JANEIRO, BRAZIL - Brazilian President Jair Bolsonaro’s nominee to lead state-run oil company Petrobras said on Saturday, February 29th, the company needs to find “balance” in fuel pricing, considering the impact on shareholders, investors, sellers and consumers. Joaquim...
RIO DE JANEIRO, BRAZIL - With no room to meet truckers' demands, President Jair Bolsonaro announced on Friday, February 5th, that he is considering a bill for the Tax on the Circulation of Goods and Services (ICMS), a state...
RIO DE JANEIRO, BRAZIL - Crude oil flows from Malaysia to independent refiners in China witnessed a dramatic surge of more than 70% year on year in January, helping the Asian supplier to displace Brazil from the second spot,...
RIO DE JANEIRO, BRAZIL - Brazil needs to continue making important oil industry reforms in 2021 to remain as one of the world’s top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic, according to...
By Doug Gray, Senior Contributing Reporter RIO DE JANEIRO – Petrobras President Sergio Gabrielli was celebrating the world’s biggest ever share offer at the end of last week that, according to Brazilian Finance Minister Guido Mantega, now gives the company...



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