Tag: Brent dated index Brazil

• Friday, August 12th 2016 - 07:08 UTC

  Petrobras Q2 profit tumbles by a third; massive debt condition performance

  

  Brazil's Petrobras reported second-quarter profit that fell by nearly a third from a year earlier, missing expectations as oil prices fell and it took charges for layoffs and the impairment of a refinery. Petrobras said net income fell 30% to 370 million Reais (US$118 million) in the three months ended June 30 compared with a profit of 531 million Reais a year earlier.

• Monday, January 25th 2016 - 10:36 UTC

  Oil price plunge distorts Brazilian market and leaves Rio cash strapped

  

  Brazil's President Dilma Rousseff approved a resolution to maintain the current system for establishing the minimum price of oil on which royalty payments are paid by state-run oil company Petrobras to local governments.