Coronavírus pode afetar Petrobras e mercado de petróleo

Coronavirus May Affect Petrobras and Oil Market in the First Quarter

Written by Valdemar Medeiros

Published on 05/02/2020 at 07:13

Updated on 05/02/2020 at 08:20

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The Epidemic Known as Coronavirus Has Spread and Is Affecting Petrobras and Soon Could Even Affect Job Openings

“In addition to the fatal victims, the rapid spread of the coronavirus has left its marks on the global and Brazilian economy, mainly at Petrobras. The origin of the outbreak, China has the second largest GDP on the planet, and a slowdown in its economy ends up affecting the whole world – with effects, for example, on countries that depend heavily on exports to the Asian country, such as Brazil.

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On one hand, it affects companies’ earnings and economic activity, but on the other hand, falling commodity prices could lower the cost of some products. One example: if the decline in oil prices persists, fuels could become cheaper in Brazil. However, for that to happen, the decline of the real against the dollar cannot be too strong, as the rise of the U.S. currency works in the opposite direction, inflating the price of goods traded in the international market.”

The First Reaction to the Coronavirus Was in the Financial Market

In an attempt to contain the spread of the virus, China adopted drastic measures to reduce the flow of people on the streets and movements across the Asian continent. Global stock markets started the week down. The price of oil fell below US$ 60 for the first time in nearly three months. The dollar appreciated against the real. And even the projections for the Selic – the benchmark interest rate of the Brazilian economy – were revised.

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Coronavirus May Affect Petrobras and Oil Market in the First Quarter

The Epidemic Known as Coronavirus Has Spread and Is Affecting Petrobras and Soon Could Even Affect Job Openings

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The First Reaction to the Coronavirus Was in the Financial Market

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The coastal El Niño is not the classic El Niño, but it already raises a question in Brazil: can the phenomenon alter rain, heat, and winter?

The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

Coronavirus May Affect Petrobras and Oil Market in the First Quarter

The Epidemic Known as Coronavirus Has Spread and Is Affecting Petrobras and Soon Could Even Affect Job Openings

Also Read:

The First Reaction to the Coronavirus Was in the Financial Market

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Baly, a manufacturer from Santa Catarina that surpassed Red Bull and Monster to take the lead in the Brazilian energy drink market in December, is moving forward with the new factory in Araranguá, expected to create over a thousand jobs and begin operations in the second half of 2026.

The shortage of bricklayers is already making renovations more expensive in Brazil and forcing property owners to change the way they hire labor, while delayed projects, rework, low qualifications, and lack of planning are turning small constructions into increasingly costly headaches.

Grupo Equatorial tops the national Abradee ranking and places three distributors among the highest rated by major energy clients.

Government announces more than R$ 7 billion in investments in Amazonas on a single Wednesday, the package includes a controversial highway, energy for 75,000 people in communities, new ports, and the largest order in the Brazilian naval industry in a year.

The largest meat cooperative in Brazil estimates that it would need to hire an additional 11,000 workers on top of the current 51,000 just to produce slightly less than today, if Congress approves the end of the 6×1 schedule and the 40-hour workweek.

The coastal El Niño is not the classic El Niño, but it already raises a question in Brazil: can the phenomenon alter rain, heat, and winter?

The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.