Brazil

Thursday, October 29th 2020 - 08:28 UTC
Petrobras cutting losses as Brazilian economy and fuel demand are increasing

Brazil's state-run oil giant Petrobras announced on Wednesday it reduced its losses in the third quarter of the year, the company's third negative result in a row due to the global economic meltdown caused by the coronavirus pandemic.
Wednesday, October 28th 2020 - 09:25 UTC
Brazil third largest supplier of crude oil to China during September; Russia leads

Data from the Chinese Customs Administration indicates that in September, Brazil advanced to the position of third-largest supplier of crude oil to the Asian country, as independent Chinese refiners obtain cheap and a relatively high-quality supply from the South American exporter.
Wednesday, October 28th 2020 - 09:23 UTC
Huge volumes of discovered hydrocarbons remain 'stranded' in South Atlantic fields of Brazil, Angola and Falklands

Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group. The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of gas, but currently not progressing toward development, including Brazil, Angola, and the Falkland Islands in the south Atlantic.
Wednesday, October 28th 2020 - 09:19 UTC
Bolsonaro “transformative” reforms' goal for Brazil, with a 3,5% average growth during a decade

Brazil's government on Tuesday outlined a long-term roadmap for the economy, based on three scenarios of economic and fiscal reforms that could lift gross domestic product per capita by as much as 37% over the next decade.
Wednesday, October 28th 2020 - 08:41 UTC
Brazil's inflation outlook rises to 3%, spiked by food prices, Focus survey

Brazil's 2020 inflation outlook rose to 3%, a central bank survey showed on Monday, the 11th week in a row it has risen as a recent spike in food prices continues to intensify short-term inflation pressures.
Tuesday, October 27th 2020 - 08:50 UTC
Brazil extends to May 2022 military deployment to protect the Amazon rainforest

Brazil’s conservative government will extend the military’s deployment to fight the destruction of the Amazon rainforest by five months through April 2021 from its previous November end date, Vice President Hamilton Mourao said on Monday.
Monday, October 26th 2020 - 09:50 UTC
Drought and wildfires devastating South America's wetlands and forests

Experts say the wildfires in a region that spans Argentina, Brazil, Bolivia, and Paraguay – especially the region between the Paraguay, Parana, and Uruguay rivers – have become critical in 2020.
Saturday, October 24th 2020 - 09:16 UTC
Brazil's health regulator allows the import of six million doses of a coronavirus vaccine from China

Brazil's health regulator has authorized the import from China of a potential vaccine against the coronavirus, just days after President Jair Bolsonaro insisted he wouldn't allow doses to be shipped from the Asian nation.
Friday, October 23rd 2020 - 08:35 UTC
China makes remote video inspections of sanctioned Brazilian slaughterhouses

Chinese officials carried out a remote inspection of Brazilian slaughterhouses whose exports to the Asian country have been suspended due to Covid-19 cases among employees.
Thursday, October 22nd 2020 - 09:35 UTC
Death of Brazilian volunteer in clinical trials of Oxford Covid-19 vaccine triggers controversy

A volunteer taking part in clinical trials of the Covid-19 vaccine developed by Oxford University has died in Brazil, officials announced on Wednesday, though media reports said he had received a placebo, not the test vaccine.