The Latest Breaking News from Petrobras

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.

The latest in Latin American politics today:

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

Brazilian President Jair Bolsonaro on Thursday urged state-run oil company Petrobras not to raise local fuel prices again, and compared the company's profit margins to a "rape" of the country.

The U.N. human rights committee said on Thursday that Brazil graft investigators violated due process in bringing a case against former President Luiz Inacio Lula da Silva that led to his imprisonment and barred him from running for office in 2018.

Oil executive was murdered with his wife while investigating corruption in Brazil

Brazilian President Jair Bolsonaro was admitted to a military hospital in Brasilia Monday to undergo tests after feeling unwell, local press reported. Also on Monday, the president decided to replace the president of state-owned oil giant Petrobras, Joaquim Silva e Luna, amid strong pressure due to recurrent increases in fuel…

Brazil's lower house in the early hours of Friday passed a bill changing the calculation of the ICMS state tax levied on fuel, as it aims to curb price hikes after global oil quotes soared following Russia's invasion of Ukraine.

Former Leftist President Luiz Inacio Lula da Silva, who is leading early polls ahead of October elections, said on Wednesday he would propose less taxation on the poor and more on the rich if he wins, and reduce fuel prices.