Trends - Petrobras - Business Recorder

Petrobras

Brazil’s Petrobras lowers diesel prices for third time this year

SAO PAULO: Brazilian state-run oil company Petrobras will reduce the price of diesel sold to distributors by an...

Published 05 May, 2025 08:18pm

Markets

Brazil’s Petrobras eyes African oil assets to offset output decline

NEW DELHI: Brazil’s Petrobras is looking to buy stakes in African oil assets, mainly in Namibia, South Africa and...

Published 12 Feb, 2025 01:05pm

Markets

Petrobras says chair’s appointment to oil regulator must still be analyzed by Lula’s team

SAO PAULO: Brazil’s Petrobras said on Wednesday that the energy ministry had nominated the firm’s chairman to a...

Published 05 Dec, 2024 12:14pm

Markets

India has discussed raising oil imports from Brazil, minister says

NEW DELHI: India has discussed raising oil imports from Brazil in a meeting with the head of the South American...

Published 20 Sep, 2024 10:53am

Markets

Brazil’s Petrobras cuts jet fuel prices by 1.3% in key markets

SAO PAULO: Brazilian state-run oil company Petrobras lowered jet fuel prices to distributors by around 1.3% in some...

Published 01 Apr, 2024 08:32pm

Markets

Petrobras to increase refining capacity 25% over 4 years

QUITOL: Petrobras Chief Executive Jean Paul Prates said on Tuesday that the Brazilian state-owned oil company plans...

Published 06 Feb, 2024 10:39am

Markets

Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says

RIO DE JANEIRO: Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take...

Published 01 Dec, 2023 06:05pm

Business & Finance

India’s BPCL signs MoU with Petrobras to diversify oil sourcing

NEW DELHI: India’s state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil’s national...

Published 24 Sep, 2022 03:57pm

Business & Finance

Petrobras CEO resigns

SAO PAULO: The chief executive of Brazil’s state-run oil company Petrobras resigned on Monday in the face of...

Published 21 Jun, 2022 05:51am

Markets

Brazil’s Petrobras raises fuel prices

RIO DE JANEIRO: Brazil’s state-owned oil company Petrobras announced Friday it is raising fuel prices, infuriating...

Published 18 Jun, 2022 10:09am

Business & Finance

Petrobras shares fall after Bolsonaro fires its boss

BRASÍLIA: The price of shares in Brazil’s state oil giant Petrobras fell Tuesday in reaction to President Jair...

Published 30 May, 2022 05:53am

Markets

Petrobras reports profit increase despite Bolsonaro criticism

RIO DE JANEIRO: Brazilian state oil giant Petrobras on Thursday reported a first-quarter net profit of 44.6 billion...

Published 06 May, 2022 10:49am

Markets

Petrobras to seek government approval for fuel price hikes

HOUSTON: Petroleo Brasileiro SA executives this week will seek government approval to increase wholesale fuel prices...

Published 07 Mar, 2022 04:48pm

Markets

Petrobras sees record net profit in 2021 at nearly $20bn

RIO DE JANEIRO: Brazilian state-run oil company Petrobras announced Wednesday it posted a record net profit of ...

Published 24 Feb, 2022 11:10am

Markets

Brazil’s Petrobras higher price demands delay refineries sales

SAO PAULO/RIO DE JANEIRO: Brazil’s state-controlled oil company Petrobras has raised prices at least once in the...

Published 15 Dec, 2021 06:34am

Markets

Petrobras notches $5.9bn profit in Q3

RIO DE JANEIRO: Brazilian state-run oil company Petrobras reported a hefty net profit of $5.9 billion for the third...

Published 29 Oct, 2021 09:48am

Markets

Petrobras shares close up almost 10% on strong Q2 earnings

The rebound of the world economy sent Brent crude prices rising to an average of $68.83 in the second quarter, up 135 percent from the same period in 2020

Published 06 Aug, 2021 10:00am

World

Brazil's Lula seeks latest upset: win back the center

In a deeply polarized Brazil, Lula is striving to sell himself as a moderate to the alienated middle.

Published 26 May, 2021 10:01am

Business & Finance

Brazil's Petrobras lowers fuel prices even as oil rises internationally

The move would be the first under the management of General Joaquim Silva e Luna, who replaced Roberto Castello Branco as the company's top executive after the government apparently disagreed with the state-run company's fuel pricing policy.
In a note on Friday, brokerage Ativa Investimentos said its model indicated a potential 13% rise in gasoline prices, driven by the increasing international oil prices.

Published 30 Apr, 2021 08:32pm

Business & Finance

At Brazil's Petrobras, a 'Spartan' military man takes the reins

President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm is formally known, in a Facebook post in February.
Petrobras shares fell sharply when Luna's predecessor, Roberto Castello Branco, was forced out after the group hiked domestic fuel prices several times in February, angering Bolsonaro.

Published 12 Apr, 2021 05:57pm

Business & Finance

Petrobras minority shareholders ask for cumulative voting in assembly

Petrobras also said in a securities filing that minority shareholders proposed a new candidate for the board, banker Jose Joao Abdalla Filho, owner of Banco Classico and energy and agribusiness companies. His name was proposed by investment funds holding Petrobras shares.

Published 09 Apr, 2021 06:05pm

Business & Finance

Petrobras requests ministry clarify Bolsonaro pricing comments; shares slide

In a securities filing, Petrobras said it asked the ministry about information that "should have been released to the market." The ministry has yet to respond, Petrobras said.
Bolsonaro's remarks on Wednesday helped wipe out gains in Petrobras' preferred and ordinary shares and they closed that session virtually flat. The preferred shares closed 0.08% down. The selling continued on Thursday.

Published 08 Apr, 2021 08:48pm

Markets

Brazil's Bolsonaro says he could change Petrobras fuel pricing policy

Amid truck driver complaints about high fuel prices, Bolsonaro announced in February that he would replace the chief executive of Petrobras.

Published 08 Apr, 2021 11:50am

Markets

Brazil's real extends slide on political worries; Mexican peso up over 1pc

The fear is that, with Lula's specter hanging over his re-election, Bolsonaro could act even more erratically and take populist actions that compromise Brazil's fragile fiscal situation.
With US Treasury yields stabilizing and Wall Street's stock indexes opening higher, Sao Paulo's Bovespa stock index rose 0.2%, after sinking 4% on Monday.

Updated 09 Mar, 2021 09:33pm

Business & Finance

Brazil's Petrobras returns to profit in Q4

The result was strong enough for Brazil's biggest company to end the Covid-shaken year with a surprise annual profit of 7.1 billion reais.

Published 25 Feb, 2021 05:16pm

Business & Finance

Brazil's Petrobras rebounds partly from stock plunge

The price hikes have triggered backlash in Brazil, a top 10 oil producer with output of 3.67 million barrels per day in 2019.

Updated 24 Feb, 2021 05:45pm

Markets

Shares in Brazil's Petrobras rebound after Monday plunge

Shares in Petroleo Brasileiro SA, as the company is officially known, plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value.

Published 23 Feb, 2021 08:06pm

Business & Finance

Shares in Brazil's Petrobras plunge 20%

He also criticized Castello Branco for working from home because of the pandemic.

Published 23 Feb, 2021 10:32am

Business & Finance

Shares in Brazil's Petrobras plunge 19pc

Petrobras has increased fuel prices four times so far in 2021, a cumulative rise of nearly 35 percent.

Published 22 Feb, 2021 07:31pm

Markets

Brazil's Petrobras shares plunge 17pcin NY after analysts' downgrades

"There are risks to the company's independence and ability to continue pricing its fuel to international parity".
Bolsonaro announced the nomination of Joaquim Silva e Luna to replace current Branco to head Petrobras on social media after the market close Friday.

Published 22 Feb, 2021 06:25pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Petrol/Litre / May 16	252.63
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Diesel/Litre / May 16	254.64
Cotton US¢/pound / May 16	65.53

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

Markets →

Budget 2024-25: income tax calculator for FY25

Petrobras

Most Popular