Tag: Petrobras

Wednesday, November 24th 2021 - 08:46 UTC
Bolsonaro favors reviewing Petrobras' formula to adjust price of fuel

Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.
Monday, October 25th 2021 - 22:03 UTC
Fuel goes up in Brazil amid international surge in crude oil

Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at pumps as of Tuesday.
Friday, October 15th 2021 - 01:27 UTC
Bolsonaro now wants Petrobras privatized

Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”
Friday, July 23rd 2021 - 09:32 UTC
“The cancer of Brazil is corruption... democracy is solid rock”, outgoing US ambassador

Outgoing United States ambassador before Brazil, Todd Chapman said in an interview with O Estado de Sao Paulo that the threat of not holding elections in 2022, as expressed by some top officials from the president Jair Bolsonaro administration is not a serious problem. “Democracy is a solid rock in Brazil, the cancer is corruption”.
Wednesday, July 14th 2021 - 09:05 UTC
Brazilian President supports Cuban demonstrations, signs privatization of Eletrobras

Brazilian President Jair Bolsonaro Tuesday expressed his support for the Cuban people protesting against their living conditions under the Communist Government of Miguel Díaz-Canel.
Monday, April 19th 2021 - 21:41 UTC
Brazil's GDP on track to better results than expected

Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.
Sunday, February 28th 2021 - 10:35 UTC
Bolsonaro argues state controlled companies should fulfill a social function

Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.
Thursday, February 25th 2021 - 10:37 UTC
Bolsonaro praises Economy minister Guedes trying to overcome the Petrobras controversy

Brazilian President Jair Bolsonaro praised his Economy Minister Paulo Guedes as the “anchor” of his government, in an attempt to quash speculation of a deepening division between the two after Bolsonaro last week ousted Petrobras CEO triggering a plunge in markets.
Wednesday, February 24th 2021 - 08:58 UTC
Bolsonaro poised to ensure the removal of Petrobras CEO

Brazilian president seems poised to win his controversial struggle over the removal of the country's giant oil and gas company Petrobras CEO, and replacement by a former Army general. In effect, Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of CEO Roberto Castello Branco.
Tuesday, February 23rd 2021 - 08:11 UTC
Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.