Petrobras says won’t meet all fuel distributor orders in Dec. due to high demand

(Reuters) – Brazilian state-run oil company Petroleo Brasileiro (PETR4.SA) said in a statement on Friday that it will not be able to supply all the orders from fuel distributors in December, due to high demand.

The company, known as Petrobras, said there are dozens of local firms able to import fuel and meet additional December demand. It added that its refineries are running at 87% capacity so far in November. Last month the company made a similar announcement saying it would be unable to meet all orders for November.

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