Executives at Brazil's Petrobras on Fridayeffectively brushed aside suggestions that the company was too profitable and should lower its fuel prices, telling analysts that it had no plans subsidize consumers at the pump.
Brazil's Petrobras posted third-quarter results on Thursday that smashed profit and margin estimates, less than two hours after President Jair Bolsonaro said the state-run oil company was too profitable and would have to contribute more to society as a whole.
Truckers blockading a major refinery in the Brazilian state of Minas Gerais disbanded on Friday, allowing fuel supplies to normalize in the nation's second most populous state.
Brazil's state-run oil company Petrobras said on Friday it has agreed to pay 1.4 billion reais ($254 million) to settle three civil suits relating to the leak of an oil pipeline in southern Brazil in 2000.
Brazil state-run oil company Petroleo Brasileiro SA said on Monday it has paid $853.2 million to the U.S. Department of Justice and Securities Exchange Commission as part of an agreement with U.S. authorities in 2018.