By Matthew Smith for Oilprice.com – Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices and the sharp impact of the COVID-19 pandemic. Strong demand from Asian refiners, especially those in China, for lighter sweeter crude oils saw demand for Brazilian crude oil soar since the end of 2019.
The World Health Organization says it is very worried about the rapidly growing surge of coronavirus cases in Brazil and Mexico. WHO chief Tedros Adhanom Ghebreyesus told reporters at his regular briefing in Geneva on Monday, “I think Brazil has to be very, very serious,” in combating the surge there. He echoed the same concern for Mexico, which he said was in “bad shape.”
Brazilian voters in 57 cities including 18 state capitals returned to the polls for run-off mayoral elections on Sunday amid a surge in cases of COVID-19 and violence involving assassinations and attacks on candidates.
Brazil’s president Jair Bolsonaro said on Sunday he will wait “a little bit longer” to recognize a winner in the U.S. presidential election, suggesting there was evidence of fraud in the process.
Brazilians return to the polls in 57 cities on Sunday for the runoffs of municipal elections that have seen surging violence involving assassinations and physical attacks on candidates.
Personal details of millions of Brazilians infected with Covid-19 have been exposed after passwords to systems from the Ministry of Health (MoH) were openly published online, it has been revealed.
Forty-five people have been arrested in a major international operation against a drug-trafficking network between Brazil and Europe, Europol announced on Friday. The European police agency also revealed that more than 52 tons of cocaine were also seized by law enforcement agencies.
The number of registered Brazilians out of work and the national unemployment rate rose to the highest on record, official figures showed on Friday, as the easing of COVID-19 lockdown measures encouraged people to look for work again.
Producer price inflation in Brazil jumped to its highest on record in October, figures showed on Thursday, led by another month of rising food prices, which will likely stir the debate further on the wider outlook for inflation and interest rates.
Brazilian President Jair Bolsonaro said on Thursday he would refuse a coronavirus vaccine, the most recent of his vaccine-skeptic statements. “I'm telling you, I'm not going to take it. It's my right,” he said in remarks aired over several social media platforms.