September 16, 2019
Petróleo Brasileiro S.A. – Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process.
The company points out that, according to its current pricing practices, there is no pre-defined frequency for applying adjustments.
Recognizing that the oil market is volatile and that the sudden price reaction to the event may be mitigated as further clarification on the impact on world production is known, Petrobras decided to analyze the market in the coming days, and not make an adjustment immediately.
The company will continue to monitor the market and will make timely decisions on future price adjustments.