English 
Francês 
Alemão 
Italiano 
Japonês 
Norueguês 
Portuguese 
Spanish 
3 min of reading 
The War In Eastern Europe Involving Russia And Ukraine Is Bringing Impacts To The Global Economy Every Day Of Conflict. In Brazil, There Is Concern About The Price Of The Oil Barrel.
The international market feels the impacts of the armed conflict involving Russia and Ukraine. The price of the oil barrel has skyrocketed and has already reached the mark of USD 110. Russia is the third-largest producer in the world. And Brazil sets the price of fuels based on the value of the dollar. With that, the question remains: What will Petrobras do now that this value has increased and there is no expectation of dropping?
See Also
- Russian Business Community May Finalize Purchase Of Petrobras Fertilizer Factory In Três Lagoas, In The State Of Mato Grosso Do Sul, By The End Of The First Half Of 2022, According To President Bolsonaro’s Expectations
- Brazil Aims For The Fourth Industrial Revolution As A State Priority and Strengthens Trade Relations With Russia
- Petrobras States That There Is No Intention To Reduce Or Increase Its Fuels, In Order Not To Harm The Domestic Oil Market
With all this situation indirectly involving the oil market, news arises that several countries will release their product stocks equivalent to less than one day of consumption. A total of 60 million barrels will be released from the reserves of 31 member countries of the International Energy Agency.
Video Explains How Petrobras May Behave In The Face Of This International Crisis
The Brent type, reference for Petrobras, rose 7.78% (the highest recorded since 2014). Meanwhile, the WTI type oil barrel, reference in the United States, increased 9.08%, marking the highest peak since 2013.
-
Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.
-
Alert in the fuel market: Analysts and a former director of ANP warn that oil prices may worsen in the coming months due to global instability.
-
Ocyan brings executives and digital solutions to Macaé Energy 2026 and highlights offshore expansion with Nexio and a new base in Macaé.
-
Petrobras advances 4.6% with rising oil prices and the dollar, reigniting the debate on macro risks, pricing policy, and fiscal impact in Brazil.
Aware of the strong impact of rising prices in the global oil market, Petrobras has promised to monitor the economic impacts due to Russia’s invasion of Ukraine.
“The entire market is watching what is happening and trying to assess the consequences of the crisis, based on the developments of the situation in Ukraine”.
Executive Director of Marketing and Logistics at Petrobras, Cláudio Mastella
Before the conflict in Eastern Europe, the reserve Army General Joaquim Silva e Luna, president of Petrobras, had said that a war would be unlikely, and that a stabilization of tensions had the potential to cool the oil market.
Fuel Market In Brazil Even More Pressured By Rising Oil Barrel Prices
The surge in oil prices further pressures the fuel market here in Brazil. If the price of gasoline has already reached R$ 7 in several Brazilian cities, the value of this fuel, which is the most used in the country, may rise even more due to the Russia vs Ukraine conflict.
Gasoline and diesel are among the fossil fuels derived from oil. Therefore, they depend on the price of the barrel of the product. The estimate is that the price could reach US$ 147.50 if theExports of Russian crude oil are affected by tensions with Ukraine, which would be a record since 2008. Petrobras has not changed fuel prices since January 12. Since then, so much has been happening…
There Is No Simple Answer Regarding What Petrobras Can Do To Control Fuel Prices While Russia And Ukraine Are In Conflict
Petrobras will continue to assess the impacts of the high volatility in oil prices in the international market at this time, before making any decision about prices.
The words of the state president, Joaquim Silva e Luna, are that there is no easy or simple answer right now and that “we must continue to observe the market for some time and also observe the evolution of the exchange rate in Brazil”.
For now, nothing can stop the rise in oil prices. Not even the news of the release of 60 million barrels from the member countries of the International Energy Agency.
According to the United States Energy Information Administration (EIA), 97 million barrels of crude oil and petroleum products were consumed worldwide per day in 2021.
Seja o primeiro a reagir!