Political and economic noise in Brazil drive liquidity out of the stock market
Banks were the positive highlight, reacting well to the Focus Report's revised SELIC rate, up from 7% to 7.25% a...
August 10, 2021Topic
Petrobras
Petrobras shares close 9.6% higher following excellent quarterly results
Petrobras shares closed Thursday with a rise of almost 10% on the São Paulo Stock Exchange, boosted by the publication...
August 6, 2021
Bolsonaro reaffirms that Petrobras can subsidize the purchase of cooking gas
The President of the Republic, Jair Bolsonaro, reaffirmed that Petrobras has a fund of about R$3 billion (US$577 million) to...
August 4, 2021
Ruling annuls decision that ordered Petrobras to pay largest labor law fine in Brazil’s history
Brazil's Supreme Court on Wednesday overturned a ruling by the Superior Labor Court that in 2018 condemned the Brazilian oil...
July 28, 2021
Truckers start protests in Brazil, yet adherence to the strike is uncertain
Demonstrations began after the CNTRC (National Council of Road Transport of Cargo) called a strike starting on Sunday, when St....
July 26, 2021
Brazil’s Petrobras oil and gas production is stable in 2nd quarter 2021
Petrobras registered, in the second quarter, a 1.1% growth in oil and gas production, compared to the first quarter, for...
July 22, 2021
Record gas imports by Petrobras signals worsening water crisis in Brazil
According to the report released by Ágora Investimentos on Tuesday, July 20, the record import signals a worsening of the...
July 20, 2021
Brazil’s Petrobras sells oil block in Alagoas state for US$300 million
Petrobras signed a contract to sell its entire participation in seven onshore and shallow water concessions located in the state...
July 6, 2021
Petrobras should receive US$2.2 billion from sale of remaining 37.5% of former subsidiary
Brazilian oil company Petrobras will receive about R$11.356 billion (US$2.271 billion) for 37.5% of its remaining shares in BR Distribuidora,...
June 30, 2021