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5 results for “global oil prices”
Global Oil Prices Hit $110 as Geopolitical Supply Risks Mount
Brent crude surged to $110 amid Middle East and Ukraine conflicts, boosting margins for deepwater producers like Brazil's state-backed Petrobras.
Brazil Launches R$ 5.2 Billion Fuel Subsidy Ahead of Runoff
President Lula's administration eliminates gasoline taxes and boosts diesel subsidies to contain rising global oil prices just weeks before the presidential election.
Petrobras PETR4 Plummets on Oil Price Drop, Ibovespa Rallies Led by ITUB4 and Domestic Stocks
The Ibovespa rose 0.74% to 175,334.45 today, fueled by financial stocks, despite Petrobras (PETR4) sinking 2.84% on lower global oil prices.
Brazilian Real Slides Past R$ 5.11 as Global Risks Rise
The Brazilian real fell to R$ 5.11 against the US dollar amid a lack of support from global oil prices and cautious international market sentiment.
Brazil to Phase Out R$ 0.44 Gasoline Subsidy Next Week
Finance Minister Dario Durigan announced Brazil will reverse its R$ 0.44 per liter gasoline subsidy next week as global oil prices stabilize near $70.