Brazilian state-run oil company Petrobras said on Thursday it has made a new discovery of "high-quality" oil in the pre-salt area of the Campos Basin.
PBR reportedly delays further diesel price hikes as Brazil balances election pressures, tax cuts and global oil volatility while boosting local production.
Petrobras (PBR) reached $19.27 at the closing of the latest trading day, reflecting a +2.5% change compared to its last close.
A PBR & Pemex tie-up is proposed by Brazil to revive Mexico's oil output while boosting deepwater exploration in the Gulf of Mexico.
Brazil's Petrobras will hold off on raising diesel prices in the short term, three sources told Reuters, as the state-run oil firm sticks with its strategy of not passing swings in prices abroad on to local consumers.
Brazilian President Luiz Inacio Lula da Silva said on Friday that state-run oil company Petrobras will seek to buy back a refinery in Bahia state that was sold to Abu Dhabi's sovereign fund Mubadala in 2021, under his predecessor Jair Bolsonaro.
PBR announces Copoazu-1 gas discovery offshore Colombia, boosting deepwater prospects and unlocking GUA-OFF-0 Block potential.
Brazilian state-run oil firm Petrobras' refineries are set to operate at 98.5% of capacity in April, amid what is becoming a "longer-than-expected" conflict in the Middle East, Chief Executive Magda Chambriard said on Wednesday.
Petrobras (PBR) concluded the recent trading session at $19.51, signifying a +1.77% move from its prior day's close.
PBR moves to full ownership of key offshore fields, boosting output control and reinforcing its deepwater growth strategy in Brazil.
Aquatic Capital Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE: PBR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 792,742 shares of the oil and gas exploration company's stock, valued at approximately $10,036,000. Other
Brazilian state-run oil company Petrobras will hike the price of diesel sold to distributors by 0.38 reais ($0.0725) per liter starting March 14, it said in a statement on Friday.