The Latest Breaking News from Petrobras

Analysis-Brazil likely to waive over $20 billion in tax revenue as Bolsonaro tries to spur economy

Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President Jair Bolsonaro tries to ease inflation and spur the economy in an election year despite economists' warnings of blowback in 2023.

Reuters · Jun 15, 2022

Brazil's Bolsonaro says could split up Petrobras as prelude to privatization

Brazilian President Jair Bolsonaro on Tuesday floated the idea of splitting state-owned Petrobras into various pieces as a prelude to privatizing it.

Reuters · May 31, 2022

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

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

The Guardian - UK · May 11, 2022

Brazil Congress passes bill changing state fuel taxes; governors will try to block it

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.

Reuters · Mar 11, 2022

Brazil's Lula says he would tax rich more, change Petrobras fuel price policy

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.

Reuters · Feb 9, 2022

Should You Buy the Breakout in Petrobras?

Brazil-based oil and gas conglomerate Petrobras (PBR) has been ramping up its production volumes and strategic investments to capitalize on the uptick in Brent prices and the prices of oil products in the domestic market. Consequently, the stock recently hit a new 52-week price high. So, does the stock have…

StockNews.com · Jan 24, 2022