Brazil’s Petrobras Announces Hikes in Fuel Prices
The increases in gasoline and diesel prices are part of Petrobras' new fuel price policy to maintain international price parity...
December 6, 2016Topic
Oil
Brazil’s Petrobras Sells Liquigás For R$2.8 Billion
The sale of Liquigás is part of the Petrobras’ 2015-2016 Divestment Plan that call for disinvestments of US$15.1 billion during...
November 18, 2016
Brazil’s Petrobras and Energy Giant Total Reach Agreement
Brazil oil giant, Petrobras, and the French oil and gas company, Total, signed a Memorandum of Understanding, setting the framework...
October 26, 2016
U.S. Dollar Closes at Lowest Value in Two Months in Brazil
The possibility of a new Congressional voting session on repatriation of assets and the increase in international oil prices influenced...
October 14, 2016
End of Petrobras Quota Divides Outlook on Brazil Economy
Some say easing participation requirement will attract more foreign investors while others claim Brazil will be giving away its oil...
October 13, 2016
Brazil’s BNDES to Prioritize Alternative Energy Sources
The state-owned financial institution also announced plans to stop financing thermal plants which run on coal and oil.
October 4, 2016
Brazil’s Petrobras Registers Best June Production in History
In 2015, despite surpassing its annual petroleum production target for the first time in thirteen years, Petrobras registered the largest...
July 12, 2016Petrobras’ CEO Seeks to Recover Company’s Credibility
Pedro Parente promised to put the state-owned company’s interest above political interests to rebuild oil giant.
June 3, 2016
State of Rio de Janeiro Unable to Pay Pension Checks
The sharp decline in tax revenues and the decrease of oil prices in the international market are to blame for...
April 14, 2016