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Brazil's oil, gas output to head higher amid ongoing energy transition | Hellenic Shipping News Worldwide

Brazil's oil, gas output to head higher amid ongoing energy transition | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Commodities 2024: Brazil's oil, gas output to head higher amid ongoing energy transition

Policy changes create uncertainties for Brazil oil sector Slower oil production growth seen in 2024 Petrobas to lead energy transition Brazil is expected to continue to boost oil and natural gas produ ....

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Petrobras shares slump as Brazil's Bolsonaro doubles down on intervention


4 Min Read
RIO DE JANEIRO (Reuters) - Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company’s market-friendly CEO with a retired army general.
FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
The selloff, following a series of analyst downgrades, deepened after Bolsonaro said the company’s fuel policy was only pleasing to financial markets and select groups in Brazil and should be changed as part of an effort to lower gasoline and diesel prices. ....

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