Oil Rises Again: Brent Crude Surpasses $120 and Pressures Petrobras to Adjust Fuel Prices in Brazil

Written by Sabrina Moreira Paes

Published on 01/06/2022 at 23:17

Aumento mundial no barril de petróleo pode trazer consequências para o Brasil também | Foto: Canva Pro

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The Increase In The Price Of Oil Barrel Is Already The Highest In The Last 2 Months And New Sanctions On Russia And The End Of Restrictions In China May Be Responsible

On last Monday, May 30, 2022, the international price of the Brent oil barrel surpassed US$ 120. This value is considered the highest in the last 2 months and one of the highest in the last 4 years. Experts point out that this might be the result of new sanctions imposed on Russia due to the war against Ukraine and the end of coronavirus restrictions in Shanghai, China. This increase may pressure Petrobras to raise fuel prices in Brazil and escalate tensions.

The scenario is still expected to worsen, according to experts, as new sanctions may happen against Russia and oil consumption by China may significantly increase after the lifting of restrictions in Shanghai due to the coronavirus.

Learn More About This Increase In The Price Of The Oil Barrel With The Video Below

YouTube video — **Global Increase Pressures Petrobras To Raise Fuel Prices | Reproduction – YouTube: TV Brasil**

The Price Of The Brent Oil Barrel Has Been Increasing Monthly And Now Reaches One Of The Highest Values In 4 Years

There are known types of oil worldwide, according to their origin and characteristics. For example, Dubai Crude is a heavier type of oil produced in the Middle East. However, one of the most widespread types today is the Brent, produced in the North Sea of Europe and Asia with lighter characteristics.

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The European Union Is Expected To Meet In The Coming Days To Organize A New Package Of Sanctions Against Russia

The famous saying “nothing is so bad that it can’t get worse” has never made more sense than now. Members of the European Union will meet at the beginning of next week to discuss a new package of sanctions against Russia. This occurs due to the lack of agreement between the country and Ukraine for a ceasefire in favor of civilian lives.

Therefore, the trade of Russian oil will become even more difficult, which may further increase the price of the barrel. Additionally, the easing of movement restrictions in Shanghai, China, will contribute to an increase in local oil consumption, which may also raise the price.

Petrobras May Be Pressured By The Increase In The Price Of The Oil Barrel At The Global Level

The Brent oil is essential and regarded as a reference for Petrobras in Brazil. This increase may impact the need for fuel adjustment in the coming months. This is compounded by a potential diesel shortage, which will exert significant pressure on the state-owned company and may hit consumers’ pockets. However, for now, there is no announcement of new scheduled adjustments.

Oil Rises Again: Brent Crude Surpasses $120 and Pressures Petrobras to Adjust Fuel Prices in Brazil

The Increase In The Price Of Oil Barrel Is Already The Highest In The Last 2 Months And New Sanctions On Russia And The End Of Restrictions In China May Be Responsible

Learn More About This Increase In The Price Of The Oil Barrel With The Video Below

The Price Of The Brent Oil Barrel Has Been Increasing Monthly And Now Reaches One Of The Highest Values In 4 Years

The European Union Is Expected To Meet In The Coming Days To Organize A New Package Of Sanctions Against Russia

Petrobras May Be Pressured By The Increase In The Price Of The Oil Barrel At The Global Level

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Oil Rises Again: Brent Crude Surpasses $120 and Pressures Petrobras to Adjust Fuel Prices in Brazil

The Increase In The Price Of Oil Barrel Is Already The Highest In The Last 2 Months And New Sanctions On Russia And The End Of Restrictions In China May Be Responsible

Learn More About This Increase In The Price Of The Oil Barrel With The Video Below

The Price Of The Brent Oil Barrel Has Been Increasing Monthly And Now Reaches One Of The Highest Values In 4 Years

The European Union Is Expected To Meet In The Coming Days To Organize A New Package Of Sanctions Against Russia

Petrobras May Be Pressured By The Increase In The Price Of The Oil Barrel At The Global Level

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

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Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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