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The Latest Breaking News from Petrobras

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

Brazil's Bolsonaro urges Petrobras not to hike fuel prices, calls its profits margins a 'rape'

Brazilian President Jair Bolsonaro on Thursday urged state-run oil company Petrobras not to raise local fuel prices again, and compared the company's profit margins to a "rape" of the country.

Reuters

U.N. committee finds Brazil graft probe violated Lula's rights

The U.N. human rights committee said on Thursday that Brazil graft investigators violated due process in bringing a case against former President Luiz Inacio Lula da Silva that led to his imprisonment and barred him from running for office in 2018.

Reuters

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Utah siblings sue Brazilian oil giant Petrobras for ‘orchestrating’ 2003 murder of their parents

Oil executive was murdered with his wife while investigating corruption in Brazil

The Independent UK

Brazil's Petrobras names new CEO amid fuel price row with Bolsonaro

Rio de Janeiro (AFP) - The board of Brazil's state-run oil company Petrobras on Thursday named Jose Mauro Coelho as its third CEO in just over a year after President Jair Bolsonaro fired his predecessors in a stand-off over fuel prices.

AFP

Rising petrol prices fuel uncertainty at oil giant Petrobras

Brasília (AFP) - Brazil's state-run oil company Petrobras is once again in crisis: caught in a political tug of war over rising fuel costs.

AFP

Brazil's Bolsonaro admitted to hospital after feeling 'unwell'

Brazilian President Jair Bolsonaro was admitted to a military hospital in Brasilia Monday to undergo tests after feeling unwell, local press reported. Also on Monday, the president decided to replace the president of state-owned oil giant Petrobras, Joaquim Silva e Luna, amid strong pressure due to recurrent increases in fuel…

France 24

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Bolsonaro ousts Petrobras president after fuel increases: official

Brasília (Brazil) (AFP) - Brazilian President Jair Bolsonaro decided on Monday to replace the president of state-owned oil giant Petrobras, Joaquim Silva e Luna, amid strong pressure due to recurrent increases in fuel prices.

AFP

Brazil Congress passes bill changing state fuel taxes; governors will try to block it

Brazil's lower house in the early hours of Friday passed a bill changing the calculation of the ICMS state tax levied on fuel, as it aims to curb price hikes after global oil quotes soared following Russia's invasion of Ukraine.

Reuters

Brazil's Petrobras hikes prices, ignoring Bolsonaro

Rio de Janeiro (AFP) - Brazilian state-run oil company Petrobras announced hefty fuel price increases Thursday over the Ukraine crisis, setting up potential clashes with powerful truckers' groups and President Jair Bolsonaro, whose popularity has been hit by soaring inflation.

AFP

Petrobras share prices plunge after Bolsonaro criticism

Sao Paulo (AFP) - Shares in Brazilian oil company Petrobras plummeted more than seven percent Monday after President Jair Bolsonaro criticized the organization's pricing policy in the face of rising crude prices due to the war in Ukraine.

AFP

Brazil's Lula says he would tax rich more, change Petrobras fuel price policy

Former Leftist President Luiz Inacio Lula da Silva, who is leading early polls ahead of October elections, said on Wednesday he would propose less taxation on the poor and more on the rich if he wins, and reduce fuel prices.

Reuters

Should You Buy the Breakout in Petrobras?

Brazil-based oil and gas conglomerate Petrobras (PBR) has been ramping up its production volumes and strategic investments to capitalize on the uptick in Brent prices and the prices of oil products in the domestic market. Consequently, the stock recently hit a new 52-week price high. So, does the stock have…

StockNews.com

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