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9 results for “crude oil”
Brazil Extends 12% Crude Oil Export Tax for 60 Days, Confirming Fiscal Priority Despite Court Ruling
Brazil’s government extended the 12% oil export tax for 60 days despite a court order to suspend it, maintaining high regulatory risk.
Oil Price Surge Near $90 Per Barrel Puts Brazil’s Interest Rate Cuts on Hold
A surge in Brent crude prices is raising inflation fears in Brazil, forcing the Central Bank to pause or slow its Selic rate cutting cycle.
Petrobras Expects China Crude Exports to Normalize After Sharp Q2 Volume Drop
State-controlled Petrobras projects a return to normal crude oil export volumes to China following a steep Q2 decline.
Brazilian Real Slides Past R$5.13 Against Dollar as Oil Price Collapse and Political Risk Mount
A sharp drop in crude oil prices combined with renewed political uncertainty pushed the BRL to its weakest close since mid-July.
Brazilian Real Slides on Commodity Correlation as Brent Crude Plunge Confirms Vulnerability
The Brazilian Real's recent weakness highlights an elevated correlation with crude oil prices, pushing the USD/BRL pair higher despite a softer U.S. Dollar Index (DXY).
Brazilian Real Pauses Rally at R$5.13 Resistance as Oil Prices Plunge on US-Iran Truce
The Brazilian Real's strengthening was tested as the USD/BRL exchange rate held near R$5.13, driven by a sharp drop in crude oil prices.
Oil Price Plunge Fails to Buoy Ibovespa as PETR4 Drags Index Down
Crude prices tumble nearly 6% on US-Iran geopolitical pause, easing Brazil inflation fears; Ibovespa falls 1.52% as Petrobras stock is hit.
Oil Plunge Unwinds War Premium, Sending Petrobras (PETR4) Down 1.72%
Petrobras stock falls as Brent crude plunges nearly 7% following a US-Iran truce, pressuring valuations.
Brazil Lifts 2026 Trade Surplus Forecast to $90 Billion
Brazil's MDIC raised its 2026 trade surplus forecast to $90 billion, driven by a surge in crude oil shipments, injecting crucial dollar liquidity.