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July 9 (Reuters) - Brazil's government on Thursday approved the extension of a 12% tax on crude oil exports for another 60 days, a measure introduced in March amid rising oil prices linked to the Iran war. The decision was taken by Gecex, the executive management committee of Brazil's foreign trade chamber Camex, which said in... Continue Reading →
July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister Marcelo Blanco said on Thursday. The government of President Rodrigo Paz is looking... Continue Reading →
July 8 (oilnow.gy) Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund (NRF) between January and June through profit oil and royalty payments generated... Continue Reading →
June 17 (Reuters) - Brazil will end subsidies for diesel and gasoline if the price of crude oil stabilizes around $80 per barrel due to progress toward a U.S.-Iran deal to end their conflict, the executive secretary of the Finance Ministry, Rogerio Ceron, told Reuters. Ceron said in a Tuesday interview that de-escalation in the... Continue Reading →
June 5 (Reuters) - The U.S. designation of Brazil's biggest criminal groups as Foreign Terrorist Organizations (FTOs) starting Friday is likely to increase the risks and costs of doing business in a country where gangs have had years to penetrate the formal economy. The two biggest Brazilian crime syndicates, the Comando Vermelho (CV) and Primeiro... Continue Reading →
June 2, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held yesterday, approved the company’s adherence to the economic subvention granted to producers and importers of road‑use diesel oil in Brazil, in the amount of R$ 1.12 per liter commercialized. This subvention was established by Provisional Measure... Continue Reading →
May 30 (Reuters) - Brazil's economy rebounded in the first three months of 2026, supported by household consumption and stronger investment, against a backdrop of a tight labour market and government stimulus that has clouded the outlook for interest rate cuts. Latin America's largest economy expanded 1.1% from the prior quarter, government statistics agency IBGE... Continue Reading →
May 30 (Reuters) - Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions... Continue Reading →
My 28 (Reuters) Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday. "We hope also to somewhere in... Continue Reading →
May 22 (oilprice.com) Brazilian President Luiz Inácio Lula da Silva has explicitly linked oil exploration and rare-earth mining to Brazil's national sovereignty, declaring that the country’s subsoil resources must be used to drive domestic industrialization rather than enrich foreign nations. Speaking at Petrobras’(NYSE:PBR) giant refinery, Refinaria de Paulínia (Replan), in São Paulo, Lula emphasized that Brazil must actively... Continue Reading →
Brazil Energy Insight 