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BMFBOVESPA:PETR3 News

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Weekly Recap: PETR3 Q2 production gains and Brazil gas reforms, pipelines

Petroleo Brasileiro SA Sponsored ADR (BMFBOVESPA:PETR3) jumped ~2% after strong Q2 production as traders brace for earnings Aug 6 and an implied one‑week move of ~9.6%, weighing production, refining margins, dividend size and Brazil gas reforms and pipeline builds that could reshape supply and cost…

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Weekly Recap: R$1.7bn subsidy filed and appointment William Vella Nozaki

Petroleo Brasileiro SA Sponsored ADR (BMFBOVESPA:PETR3) said filings show a 1.7 billion reais government payment tied to the diesel subsidy program boosted cash flows, and the company appointed William Vella Nozaki as interim director of energy transition and sustainability effective Aug. 1.Previou…

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Weekly Recap: R$2.7bn diesel subsidy and R$300M remediation deal for 102 wells

Petroleo Brasileiro SA (BMFBOVESPA:PETR3) said it received R$2.7 billion from Brazil’s diesel subsidy program and signed a R$300 million contract to remediate the remaining 102 temporarily abandoned offshore wells by end-2030, after 233 of 335 wells were already addressed.Previous Week Recap…

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Brazil's oil output up 17% in May, regulator says

Brazil's oil production rose 16.9% year-on-year in May to 4.3 million barrels per day, oil regulator ANP said on Wednesday, while natural gas output was up 19.6% to 206.06 million cubic meters per day.

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Brazil's Petrobras lowers jet fuel prices by 14.5%   

Brazilian state-run oil firm Petrobras PETR3.SA has lowered the average price of jet fuel sold to distributors by 14.5%, or 0.81 real ($0,1560) per liter, starting July 1, it said in a statement on Wednesday.Petrobras tweaks its jet fuel prices monthly, based on factors including oil prices and cur…

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Brazil's Petrobras cuts diesel prices, suspends discount

Brazilian state-run oil firm Petrobras BMFBOVESPA:PETR3 said on Tuesday it is cutting diesel prices to distributors, yet the effect will be neutral as the company is simultaneously suspending an equal-size temporary discount on the fuel.In a statement, Petrobras said it is reducing diesel prices to…

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reuters

Brazil's Petrobras cuts diesel prices, suspends temporary discount

Brazilian state-run oil firm Petrobras BMFBOVESPA:PETR3 said on Tuesday it is reducing diesel prices to distributors by 0.3515 reais ($0.0682) per liter as of July 1st, while simultaneously suspending a temporary discount it has been offering of the same amount.In a statement, Petrobras said that…

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reuters

Petrobras moves to cap August natural gas price rise at 6%

​Brazilian state-run oil company ‌Petrobras BMFBOVESPA:PETR3 approved a mechanism to limit price volatility by introducing floor and ceiling levels for Brent crude in the formulas used to calculate natural gas prices.The measure will be available to customers that choose to adopt it through amendme…

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