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March 18 (Reuters) - Brazil's Finance Ministry on Wednesday proposed that states scrap the ICMS state tax on diesel imports, with the federal government covering part of the resulting revenue losses. Speaking to reporters, Finance Ministry Executive Secretary Dario Durigan said the proposal would imply a revenue loss of about 3 billion reais ($576.89 million)... Continue Reading →
March 12, 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 for the commercialization of road diesel oil in Brazil’s national territory, established by Provisional Measure (MP) No. 1,340, dated March 12, 2026. Given the optional nature of... Continue Reading →
March 12 (Reuters) - Brazil's government scrapped taxes on diesel while imposing a levy on oil exports in a move on Thursday that could affect state-run oil firm Petrobras , as the country seeks to soften the blow of the recent spike in global oil prices. President Luiz Inacio Lula da Silva's administration said the... Continue Reading →
March 9 (Reuters) - The sharp increase in energy prices as the war in the Middle East continues will drive Brazilian sugarcane processors to produce more ethanol and less sugar in the new season that will kick off in the coming weeks, analysts said on Monday. Raw sugar futures in the ICE exchange jumped more than 3%... Continue Reading →
March 9 (valorinternational.globo.com) Uncertainty stemming from the conflict in the Middle East still makes it impossible to identify a clear oil price trend, but Petrobras’s pricing policy will not change because of the crisis, company executives said in assessing the current geopolitical environment and its effects on Brazil. They said, however, that the oil giant... Continue Reading →
Oct. 3 (PN) The consortium formed by Heftos, a subsidiary of Azevedo & Travassos, and Colares Linhares announced that it has signed a contract with Petrobras for the construction of the Hydrogen Generation Unit at the Boaventura Complex (formerly Comperj), in Itaboraí, Rio de Janeiro. The contract is worth R$1.76 billion. The contract provides for... Continue Reading →
Aug 21 (Reuters) - China's Sinopec, reported a 39.8% drop in interim net profit due to lower oil prices, weaker fuel demand and as industry overcapacity weighs on margins at its chemicals business. Sinopec, the world's largest oil refiner by capacity, reported on Thursday a net income of 21.48 billion yuan ($2.99 billion) for January... Continue Reading →
July 29, 2025 - Petrobras average production of oil, NGL and natural gas was 2.91 MMboed in 2Q25, 5.0% higher than 1Q25. This performance was mainly due to the ramp-up of FPSOs Almirante Tamandaré, in Búzios field, Maria Quitéria, in Jubarte field, Anita Garibaldi and Anna Nery, in Marlim and Voador fields, to Marechal Duque... Continue Reading →
(Reuters) - Shares of Brazilian fuel distributor Vibra Energia fell on Thursday after Bloomberg News reported that state-run oil firm Petrobras was eyeing a return to fuel retailing and its board would discuss the topic this week. Vibra's shares slipped 2.5%, making the company the worst performer on benchmark stock index Bovespa, which was trading near flat.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that approximately R$33 billion in investments are planned for refining and petrochemical projects in Rio de Janeiro, of which R$29 billion in Petrobras Capex and R$4 billion in another project that operates in synergy with Petrobras assets. The implementation of the integration projects of the Boaventura Energy Complex (Itaboraí... Continue Reading →
Brazil Energy Insight 