Analysis: strong dollar and economic recovery have raised fuel prices in Brazil
The values passed on by Petrobras largely depend on international factors, but the country's strategy could help lower fuel prices.
June 4, 2021Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Petrobras’ Bolivian subsidiary has accounts blocked amid land dispute – sources
Petrobras Bolivia SA, a unit of the Brazilian state-run oil company, has had its accounts blocked by a Bolivian court...
May 26, 2021
Brazil’s oil giant Petrobras plans to drill off the Amazon river mouth in 2022
The Brazilian oil company Petrobras plans to start drilling oil wells next year in the controversial concessions it was awarded...
May 14, 2021
Brazil has record revenue from oil and gas royalties in May – ANP
This month Brazil set new records for the collection of royalties and special participations to local production of oil and...
May 14, 2021
Petrobras posts US$220 million profit in Q1; EBITDA up 30.5% year-on-year
Appreciation of Brent oil was the driver of the revenue increase despite the decline in sales of oil products to...
May 14, 2021
Petrobras amends contract with Açu Petróleo; exports through terminal should more than double
Petrobras (PETR4) has signed a contract with Açu Petróleo that will enable it to more than double the volume of...
May 13, 2021
Brazil to become world’s fifth largest oil exporter by 2030
By 2030, Brazil will be exporting 5.3 million barrels per day, according to Minister Bento Albuquerque. He added that the...
May 11, 2021
Rio Oil & Gas Show, Latin America’s largest oil event, postponed until September 2022
The Rio Oil & Gas conference, Latin America's largest oil event, has been deferred by a year, to September 2022,...
April 30, 2021
Brazilian government approves creation of sustainable and low carbon fuels program
According to the Ministry, the program provides for the integration of public policies related to the automotive and fuel sectors,...
April 21, 2021