The Latest Breaking News from Petrobras

Brazil's incoming government has no intention of causing a "breakdown" of state-run oil giant Petrobras, a member of the transition team said on Thursday, adding that "everything" would be discussed with markets and investors.

Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in…

Brazil's main presidential candidates took their gloves off on Sunday and laid into each other in the first presidential debate for the October general election with accusations of corruption and threats to democracy.

President Jair Bolsonaro said on Friday he has authorized Minister of Mines and Energy Adolfo Sachsida to consider the privatization of oil company Petrobras next year, if the president is re-elected in October.

Brazil's President Jair Bolsonaro did not mention privatizing state-controlled oil company Petrobras in his re-election plan released on Wednesday that promises to continue pursuing policies that reduce the size of the state.

Petrobras earnings are rising fast, while the Brazilian oil giant offers a massive dividend. PBR stock is near a buy point.

Brazilian politics might be half a world away but that hasn't stopped a president's populist push from putting pressure on Aussie farmers.

The Brazilian state-owned oil major Petrobras' (NYSE: PBR) oil production dropped in the second quarter due to divestments along with an increase in work stoppages. The company's refinery utilization rate, however, was at a high of 97%.

Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday.