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

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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.

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

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