BP is one of the multinationals that benefited from the rise in commodities prices and the war between Russia and Ukraine. However, according to analysts, the rise in oil prices is close to an end due to world stagnation, which should reduce GDP (Gross Domestic Product) growth, including in Brazil. These companies may lose cash privileges, including Petrobras, which announced, last Friday, July 29, a new reduction in fuel prices. 

A British oil giant, BP, announced that it had one of its biggest profits in 14 years with the new high of the Brent oil after the war between Ukraine and Russia. The institution is directly competing with Petrobras, which had a cash return of BRL 53 billion in the last quarter. According to the disclosed balance sheet, the multinational's return was over US$ 8,5 billion, which is equivalent to more than R$ 40 billion in direct conversion into real. After the results, stock markets around the world fell, mainly in China, which lost at least 2% of trading this Tuesday, 02 for August. 

The result was triggered in the midst of an intense increase in the value of gasoline and diesel in relation to the international conflicts of the United States over the war between Russia and Ukraine. Last week, the Shell also revealed what its profits were, also showing record values for shareholders. 

According to CNN, the operators passed on the increases in the barrel by more than 100% to consumers and, therefore, were able to “hold the edges” and not show losses even in the midst of an oil crisis and lack of supplies from the Russians. As a way to control prices, the United States, led by Joe Biden, announced that it was interested in returning to negotiate with the Venezuelans, in this way, the country could pay its external debts with North Americans and Europeans. 

Profit at BP: What's causing oil prices to soar? 

According to a survey conducted by Seu Dinheiro and shared by Click Oil and Gas, it is estimated that oil declines have occurred in five of the last six seasons of the economy. And, as of the next few weeks, it is likely that the variations will continue to happen significantly, causing commodities to plummet, harming companies like BP.

The increase in oil and gas prices causes inflation to explode on a global scale, as freight costs become more expensive and are passed on to consumers through product prices. Transport and logistics companies have already announced that they will end the year in Brazil with inflation above 10% that will not be passed on to final consumers. 

In Brazil, the price of gasoline has been controlled and, in Santa Catarina (SC), reached around R$ 5,4 in some cities, such as Nova Trento. However, the price on the coast is even more expensive, around R$ 5,9, including in cities close to the beaches, such as Brusque. 

Bolsonaro states that it cannot intervene in the prices practiced by Petrobras and that it is up to the state-owned company to become aware of the economy of Brazilians and lower the amounts charged. In the climate of elections in Brazil to determine who should manage the country for the next 4 years, the company announced that it would be dropping another fifteen cents directly from the refineries.