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Brazil's Oil Industry Shakeup Could Be Devastating For Its Economy


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China s Official Oil Imports Drop As It Buys More Iranian Crude
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Brazil markets tumble as President Bolsonaro pivots to interventionism, Petrobras' shares plunge 16%


Brazil markets tumble as President Bolsonaro pivots to interventionism, Petrobras shares plunge 16%
Shares in Brazilian state oil company Petrobras plunged 16 percent after President Jair Bolsonaro changed the company s chief executive
(AFP)Premium
. Updated: 22 Feb 2021, 07:33 PM IST Bloomberg
The real fell 2.2% at open, breaching the key 5.5 per dollar level that had been serving as support for the currency
There was no room to discuss the move that shows a president increasingly impatient with the government’s inability to appease his political base
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Brazilian markets sank on Monday as investors saw Jair Bolsonaro’s move on the country’s state-controlled oil company as the latest sign the far-right president is willing to sacrifice the market-friendly policies sponsored by his economy minister to boost his popularity. ....

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