Petroleo Brasileiro Stock News

Brazil''s Economy Ministry has argued that state-run oil company Petrobras should remove import-related costs from its fuel price calculation, two ministry sources told Reuters, as part of a debate about how to address soaring energy costs.

Petrobras announces strong fuel hike despite Bolsonaro opposition

RIO DE JANEIRO, March 10, 2022 (AFP) – Brazilian state-run oil company Petrobras announced hefty increases in gasoline and diesel prices Thursday in response to the Ukraine crisis, ignoring President Jair Bolsonaro’s criticism of what he calls excessive prices. Petrobras said it would raise the price of gasoline from its refineries by 18.8 percent and diesel […] The post Brazil’s Petrobras hikes prices, ignoring Bolsonaro appeared first on BOL News .

Brazil’s state-controlled oil company Petroleo Brasileiro SA raised domestic fuel prices in an encouraging sign for investors who are concerned about a return to subsidies to contain inflation. Shares rallied.

Petrobras <> says it will raise fuel prices at the refinery gate starting Friday, amid surging global oil prices in the wake of Russia''s invasion of Ukraine.In its first fuel…

Petrobras announces 18.8% increase in gasoline prices in Brazil

LONDON: Raw sugar futures on ICE rallied on Thursday after Brazilian state-run oil company Petrobras said it will raise fuel prices starting on Friday as global oil quotes have surged following Russia''s invasion of Ukraine. High energy prices tend to prompt cane mills in Brazil to divert output from sugar to ethanol, a cane-based biofuel. Sugar May raw sugar was up 2.8% to 19.59 cents per lb at 1333 GMT. Oil prices rebounded on Thursday after the United Arab Emirates backtracked on statements saying that OPEC and its allies might increase output to help plug the gap in exports from Russia. Keeping sugar''s gains in check, Indian sugar mills signed contracts to export 550,000 tonnes of the sweetener in recent days amid surging global prices and a weak rupee, four dealers told Reuters. Dealers said while sugar prices will be driven by oil and other macro economic factors, the sweetener will struggle to improve too much given India is set to ship more than 6 million tonnes of sugar this season.

Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.

ONEW, TPH, and PBR made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 10, 2022.

At the end of 2021, Petrobras (PBR) Petrobras had net debt of $47,626 million, less than $63,168 million a year ago and $48,132 million as of Sep 30, 2021.

The board of directors of Brazil oil giant Petrobras is growing uneasy with the state-run company not adjusting fuel prices even as crude soars, said two people with direct knowledge of the matter.

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Petrobras <> drops even as surging crude oil prices lift shares of other oil producers, as Eduardo Bacellar Leal Ferreira said he plans to step down as chairman for personal…

© Reuters. FILE PHOTO: The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker By Sabrina Valle HOUSTON (Reuters) -Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing on Saturday night. Earlier in …

Brazil''s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer''s board, the company said in a filing on Saturday night