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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 1 (Reuters) - Oil prices appear to have settled into a range of $72 to $75 a barrel, although the market has yet to fully normalize and the conflict in the Middle East continues to create uncertainty, the chief executive officer of Brazil's state-run oil firm Petrobras told Reuters. Petrobras' decision to cut diesel prices for distributors,... Continue Reading →
June 19, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors today approved the Final Investment Decision (FID) for the RPBC Biorefining project, which provides for the implementation of a dedicated plant for the production of bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery (RPBC), located in Cubatão (São... Continue Reading →
June 17 (Reuters) - Brazil will end subsidies for diesel and gasoline if the price of crude oil stabilizes around $80 per barrel due to progress toward a U.S.-Iran deal to end their conflict, the executive secretary of the Finance Ministry, Rogerio Ceron, told Reuters. Ceron said in a Tuesday interview that de-escalation in the... Continue Reading →
June 15 (Reuters) - The International Maritime Organization's decision defining Brazilian corn ethanol's carbon footprint is a landmark step that could position maritime transport as a major future market for the sector, industry executives told Reuters. In May, the IMO defined the default value of Brazilian corn ethanol's carbon footprint at 20.8 grams of carbon... Continue Reading →
Brazil, June 3 (Reuters) - The cars navigating Brazil's crowded streets currently powered by sugarcane or corn-based ethanol could before long run on a cornucopia of fuels made from grains, tubers and other exotic feedstocks. A new wave of biofuel innovation is sweeping the nation, with developers in unexpected corners of the country's farm sector... Continue Reading →
June 2, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held yesterday, approved the company’s adherence to the economic subvention granted to producers and importers of road‑use diesel oil in Brazil, in the amount of R$ 1.12 per liter commercialized. This subvention was established by Provisional Measure... Continue Reading →
Rio de Janeiro, May 20, 2026 – Petróleo Brasileiro S.A. – Petrobras, announces that its Board of Directors, at a meeting held today, approved the company’s adherence to the economic subvention program for producers and importers of petroleum‑based fuels, established by Provisional Measure (MP) 1,358, dated May 13, 2026. The economic subvention established under this... Continue Reading →
May 4 (Reuters) - When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid to shore up the country's deteriorated grid were top of mind, two sources involved in the talks said. Those executives came away... Continue Reading →
April 30 (Reuters) - Brazil will announce an increase in the mandatory ethanol mix in gasoline to 32% from 30% in the coming days, President Luiz Inacio Lula da Silva said on Thursday, also noting that the biodiesel blend is set to be raised to 16% from 15%. The Energy and Mines Ministry had previously... Continue Reading →
Brazil Energy Insight 