Government Plans Oil Surplus Auctions to Raise About R$ 28.5 Billion and Strengthen Finances Amid Falling Barrel Prices

Written by Romário Pereira de Carvalho Published on 23/04/2025 at 13:56

Créditos: Marcello Casal JrAgência Brasil

With Collected Revenue Below Expectations and Oil Prices Low, Government Considers Auctioning Oil Surpluses Already in Production. Analysts See Limited Impact for Petrobras

Amid pressure for new revenue sources, the Brazilian government is evaluating conducting auctions for oil surpluses in fields that are already in production. The move arises in a scenario of collected revenue below expectations and oil prices in sharp decline.

Revenue Forecast Between US$ 3 Billion and 5 Billion

The expectation is that the new auctions will generate revenue of up to US$ 5 billion, which is equivalent to about R$ 28.5 billion. This amount is considered significant for public coffers, especially given the gap between the current average oil price, estimated at US$ 73, and the US$ 80 projected in the 2025 budget.

Limited Impact for Petrobras, Analysts Say

According to analysts at BTG Pactual, the government’s initiative is not expected to bring significant impacts for Petrobras (PETR4). The bank highlights that, even with lower oil prices, the state-owned company remains one of the best alternatives in the oil and gas sector.

ARTICLE CONTINUES BELOW

Petrobras Maintains Buy Recommendation

Even in the face of adversity, BTG maintains its buy recommendation for Petrobras shares. The assessment considers the company’s financial structure, which is deemed solid.

The bank also maintains the target price of US$ 20.00 for Petrobras ADRs traded on the New York Stock Exchange (PBR).

With information from Acionista.

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Government Plans Oil Surplus Auctions to Raise About R$ 28.5 Billion and Strengthen Finances Amid Falling Barrel Prices

With Collected Revenue Below Expectations and Oil Prices Low, Government Considers Auctioning Oil Surpluses Already in Production. Analysts See Limited Impact for Petrobras

Revenue Forecast Between US$ 3 Billion and 5 Billion

Limited Impact for Petrobras, Analysts Say

Petrobras Maintains Buy Recommendation

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Government Plans Oil Surplus Auctions to Raise About R$ 28.5 Billion and Strengthen Finances Amid Falling Barrel Prices

With Collected Revenue Below Expectations and Oil Prices Low, Government Considers Auctioning Oil Surpluses Already in Production. Analysts See Limited Impact for Petrobras

Revenue Forecast Between US$ 3 Billion and 5 Billion

Limited Impact for Petrobras, Analysts Say

Petrobras Maintains Buy Recommendation

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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