Petróleo: ações da Petrobras disparam mais de 10% após declaração de Trump

Oil: Petrobras Shares Surge Over 10% After Trump’s Statement

Written by Flavia Marinho

Published on 02/04/2020 at 15:02

Petróleo: ações da Petrobras disparam mais de 10% após declaração de Trump

Seja o primeiro a reagir!

On Thursday (2), Petrobras stocks are trading sharply higher, riding the wave of soaring oil prices after U.S. President Donald Trump stated he expects an agreement between Saudi Arabia and Russia. Today, the state-owned company’s shares reached their highest price level in almost a month. Amid this crisis, the state-owned company announced yesterday that it will extend salaries and cut production to 200 thousand barrels per day.

Read Also

At around 12:15 PM, Petrobras’ ON shares surged 16.12%, to R$ 16.50 — the highest prices since early March, when markets were already feeling the impacts of the coronavirus outbreak.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

The strengthening of Petrobras shares occurred alongside the surge in oil: at the moment, Brent for June is up 20.57%, at US$ 29.85 per barrel, while WTI for May rises 24.82%, at US$ 25.46.

The information provided by the American president, with a concrete figure for production cuts, caused oil prices to soar and buoyed global markets, which are now firmly in positive territory. Here, the Ibovespa gained momentum and is up more than 3%.

Although the 20% surge in the price of thecommodity is significant, it is worth noting that price levels are still relatively low, in the range of US$ 25 to US$ 30 per barrel — in April of last year, oil was traded at around US$ 60 to US$ 70 per barrel.

Trump also stated that he invited executives from the oil industry to the White House to discuss ways to help the sector, impacted by the drop in energy demand amid the coronavirus pandemic and the price war between the Russians and Saudis.

And, at around 11:30 AM, Trump addressed the issue again, this time via Twitter. And this time, he was even more emphatic in his statements:

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

— Donald J. Trump (@realDonaldTrump) April 2, 2020

Oil: Petrobras Shares Surge Over 10% After Trump’s Statement

Read Also

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

350-year mystery may have been solved: remains of a soldier who inspired the hero of The Three Musketeers found beneath a church in the Netherlands.

NASA photographed a nearly perfect square with 3 km sides on Mars, 13 times larger than the Great Pyramid of Giza, but the official explanation is natural erosion; still, no one has explained why the four sides have almost identical lengths.

Starlink breaks the barrier of 10,000 satellites in orbit and takes its expansion to an unprecedented level, with a direct impact on global internet, technological competition, and the race for space.

Seen from space, a colossal ‘Y’ cuts through the largest desert in China, blending a jade-filled river, red and white mountains, and revealing the absurd scale of the transformation of the Taklamakan surrounded by a green wall with billions of trees.

Oil: Petrobras Shares Surge Over 10% After Trump’s Statement

Read Also

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

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.

Strategic partnership between Brazil and Bolivia secures new investments: Agreement for the expansion of natural gas strengthens infrastructure market prospects and promises to reduce industrial costs.

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

350-year mystery may have been solved: remains of a soldier who inspired the hero of The Three Musketeers found beneath a church in the Netherlands.

NASA photographed a nearly perfect square with 3 km sides on Mars, 13 times larger than the Great Pyramid of Giza, but the official explanation is natural erosion; still, no one has explained why the four sides have almost identical lengths.

Starlink breaks the barrier of 10,000 satellites in orbit and takes its expansion to an unprecedented level, with a direct impact on global internet, technological competition, and the race for space.

Seen from space, a colossal ‘Y’ cuts through the largest desert in China, blending a jade-filled river, red and white mountains, and revealing the absurd scale of the transformation of the Taklamakan surrounded by a green wall with billions of trees.