By Reuters Staff
(Adds information on January exports, scheduled stoppages)
RIO DE JANEIRO, Feb 2 (Reuters) - Brazilian state-run oil company Petrobras sharply reduced crude exports in the fourth quarter in order to accommodate relatively strong domestic demand, according to quarterly production figures released on Tuesday.
In a securities filing, Petroleo Brasileiro SA, as the company is formally known, said crude exports in the fourth quarter came to 618,000 barrels per day, down 16.6% from the previous quarter and 4.5% from the same period the year before.
The same trend appeared with various fuels that Petrobras produces, with total domestic sales volume rising 3% from the third quarter and total foreign sales volume falling 14.7%.
US stocks trade little changed midday, after recovering most of last week s losses on Monday and Tuesday (SPY +0.3%). Biggest midday movers: Alphabet, Spotify, GameStop, Amgen.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The Bovespa is up 1.12% while the S&P 500 gains 0.27%. The IPC is off 0.09%.
What Is Moving the Markets
Here are the headlines moving the markets.
Big Oil Books One Of Worst Years On Record Big Oil recorded one of its worst years in history because of the coronavirus pandemic that pushed their financial results deep into negative territory. Earlier this week, BP reported a net loss of $5.7 billion for 2020, citing oil and gas price weaknesses and demand destruction by the pandemic. Exxon, for its part, booked the biggest loss in its modern history, at $20 billion, including an impairment charge of $19.3 billion. The past year presented the most challenging market conditions Exxon Mobil has ever exper
3 hours SEC: ConocoPhillips, Occidental Should Hold Shareholder Votes On Emission Goals 4 hours Saudi Forces Strike Yemen In Response To Attack On Aramco 2 days Oil Firms Discuss Return To Venezuela As Maduro Promises End Of Monopoly 3 days Nuclear Overtakes Coal Fired Power Generation In Historic Move 3 days China Bans Tesla Use At Military Sites Over National Security Concerns 3 days Riyadh Refinery Attacked By Drones, Saudis Say Oil Supply Safe 3 days China Installed A Record-Breaking 52GW Of Wind Power In 2020 3 days UK Private Equity Firm Looks To Buy Stake In Angola s Oil Major Sonangol 3 days U.S. Threatens Nord Stream Partners With Sanctions
PSG striker Neymar has reportedly cancelled the star-studded New Year s Eve party he allegedly organised
Brazilian prosecutors launched an investigation into the party in probe which was announced late Wednesday
Neymar has been criticised for hosting the massive party in a Brazilian mansion during the global pandemic
The bash for 150 people at the rented estate near capital Rio de Janeiro started on Christmas Day
Models from Miami and Barcelona have been seen arriving for the five-day event and at a nearby luxury resort
But Neymar s representatives have denied the party is taking place at all and that he did not break Covid rules