Portuguese 
English 
Spanish 
2 min of reading 
0 comments 
Prio and Petrobras Stocks Fall as Oil Drops to US$ 75.95 Due to Recent Events in the Middle East.
International markets did not favor the stocks of oil companies, with Petrobras and PRIO shares posting the worst declines this Monday. PETR3 and PRIO3 stocks fell 2.78% and 2.43% respectively. This is due to the decline in oil prices, which directly affected companies in the sector. During the same period, WTI was quoted at US$ 70.73, down 4.17%, and Brent, the benchmark for Petrobras, fell 3.57% to US$ 75.95. This decline in oil prices was influenced by recent events in the Middle East, especially in Saudi Arabia, Libya, and Iran.
One of the reasons for the drop in Brazilian oil companies’ stocks was Saudi Arabia’s decision to reduce the prices of Arab Light crude oil, exported to Asia, to the lowest level in 27 months. In addition, the disruption of oil production at Libya’s largest oil field, Sharara, and the decrease in Iran’s oil exports to China also contributed to the drop in oil prices. These events are causing instability in the markets and negatively impacting the stocks of oil companies.
Oil Drops for the Second Time This Week
The price of oil drops this Wednesday, with the barrel trading at US$ 75.95, due to recent events in the Middle East. The prices of oil have been fluctuating due to instability in the region, which is responsible for a large portion of the oil production exported to the Asian giant.
-
Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.
-
Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.
-
A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.
-
Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
Oil: Impacts of Production and Export
Oil production in the Middle East has a significant impact on the price of the barrel, which is exported worldwide. Prices have been affected by geopolitical events and market volatility, resulting in fluctuations in oil prices.
Oil Price: Influence of the Extraction Field
The oil extraction field in the Middle East is critical for the production and export of oil, having a major impact on the global energy market. Tensions in the region have created uncertainties regarding oil supply, directly influencing the price of the barrel.
Oil: Challenges and Opportunities
Recent events in the Middle East have posed challenges for the global oil market but have also created opportunities for producing and consuming countries. The volatility in oil prices has led market players to seek strategies to cope with uncertainties in oil production and export.
Source: MoneyTimes
Seja o primeiro a reagir!