High Demand for Liquefied Petroleum Gas (LPG) by Families Caused “A Temporary Shortage” of the Fuel. Petrobras Says the Situation Should Normalize in the Coming Days. Amid the Pandemic and Oil Crisis, Independent Producers Request Suspension of Royalty Payments to the MME
Read Also
- The Week Ends with Job Vacancies for Work in Construction Projects
- The Global Offshore Leader V.Ships Opened Yesterday a Selection Process for Embarkation on a Tanker Ship
- ICM Group Calls for Electronics Technicians for Offshore Job Vacancies on a Jack-Up Platform in Mexico
Information about the shortage of petroleum-derived fuel came from the Ministry of Mines and Energy (MME). According to the MME, Petrobras will make an additional import of LPG, which will arrive on this day (30) in the market.
-
Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
Petrobras is responsible for nearly 100% of the Liquefied Petroleum Gas (LPG) supplied in the Country.
The measure was taken after a teleconference meeting between the Department of Oil, Natural Gas and Biofuels (SPG) of the MME with several sector agents involved in the supply of cooking gas (13 kg LPG), the National Agency of Petroleum, Natural Gas and Biofuels (ANP), and Petrobras.
“The technicians concluded that, due to the need for home isolation as a containment measure against the spread of the coronavirus, in some regions Brazilian families anticipated their purchases in order to keep LPG in stock at home,” explained the Ministry of Mines and Energy yesterday (29) in a statement.
Oil Crisis and Pandemic Make Petrobras Hibernate Platforms, Reduce Investments, and Take Other Emergency Measures
In light of the impacts of the coronavirus pandemic and the shock of oil prices, Petrobras informed last Thursday, March 26, about the measures it has been taking to reduce expenditures and preserve cash amid this uncertain scenario.
As a result of the abrupt reduction in oil and fuel prices and demand, the company is adopting a series of measures to reduce expenditure and preserve cash in this uncertain scenario and has decided to implement the measures described below to balance its cash flow in the year 2020. Click here to read the full article.

Be the first to react!