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(OE) Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. The oil industry has been gripped by acute risk aversion in the finance and shipping sectors after several... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras will closely monitor international price swings following Russia's invasion of Ukraine before making any decisions on domestic fuel prices, the firm's logistics and trading head said on Thursday. The company, formally Petroleo Brasileiro SA , says it aligns domestic prices with international rates but allows prices to decouple... Continue Reading →
In 4Q21, Petrobras posted solid operational and financial results. According to Petrobras’ CEO, Joaquim Silva e Luna, “Petrobras generated consistent results in 4Q21, demonstrating that a healthy company committed to society is capable of growing, investing, generating jobs, paying taxes and returning money to its shareholders, effectively contributing to the country’s development. None of this... Continue Reading →
(Reuters) - Brazilian state run oil firm Petrobras should raise gasoline prices in the domestic market to reflect high international oil prices and level the playing field, Ricardo Mussa, chief executive of energy company Raizen (RAIZ4.SA), said on Tuesday. "At some point, Petrobras will have to make a move in gasoline ... (the current price situation)... Continue Reading →
Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the year, 3 new producing wells were connected and currently... Continue Reading →
Petrobras reached an average of 88% of total load factor of its refineries in the last three months of 2021. In early February, it reached close to 90%. Operational decisions in refining take into account that, for each barrel of oil processed in the refinery, necessarily, several products are generated and subsequently distributed. For example,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/28/2022, informs that it signed today with the company 3R Potiguar S.A., a wholly owned subsidiary of 3R Petroleum Óleo e Gás S.A., a contract for the sale of the totality of its stake (100%) in a set of 22 concessions of onshore... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Monday disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals businesses into one, and put its energy transition business on the same footing as its other operations. The broad restructuring marks its latest cost-cutting effort after activist investors seeking to boost returns and address... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), communicates to its shareholders, investors and the market in general that Petróleo Brasileiro S.A. (“Petrobras”) sent a notification to the Company informing that its Board of Directors approved, on today's date, the sale to 3R Potiguar S.A. (“3R Potiguar” ), a subsidiary of the... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday it produced a record 21.2 billion liters of S-10 diesel in 2021, up 10% from a year earlier, while sales - including imported volumes - jumped 34.7% to a record 25.8 billion liters. Petroleo Brasileiro SA, as the company is formally known, said in a statement... Continue Reading →
