Últimos desdobramentos - coronavírus, mercado mundial de petróleo e a situação da Petrobras

Latest Developments – Coronavirus, Global Oil Market, and Petrobras Situation

Written by Roberta Souza

Published on 10/03/2020 at 11:26

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Latest Events And News About The Coronavirus, Petrobras, And Events In The Global Oil Market

With each passing day, there is a different update. With the break of dawn comes the insecurity of hard times for the global economy, especially involving the oil market and the coronavirus. In Brazil, Petrobras is suffering from the repercussions of the associates.

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In Brazil, the new crisis regarding the price of a barrel of oil is calling into question Petrobras’ decision to focus its business on exploration and production. By concentrating efforts solely on oil, the state-owned company seems to become vulnerable to price fluctuations of the product. An article published by Petronotícias states that, according to geologist and member of the Petrobras Engineers Association (Aepet), Luciano Chagas, if barrel prices remain around US$ 31, the company’s revenue will worsen due to lower selling prices of the input.

In the global oil and gas market, the price of a barrel of oil shows a reaction after last Monday’s chaos, when there was a drop of about 30% in barrel prices. The price of WTI is up about 8% compared to the previous day. Meanwhile, Brent is up 9%, worth around US$ 37. The recovery brings some relief to the market, but it is still far from repairing all the financial damage recorded yesterday.

The price war between Saudi Arabia and Russia has triggered a crisis that seems far from over. The CEO of state-owned Saudi Aramco, Amin Nasser, stated today that the company will increase its supply to 12.3 million barrels per day in April for clients inside and outside the country. Russia has also indicated that its fields can increase production by up to 300,000 barrels per day in the short term.

The coronavirus is a reality, global oil supplies are increasing, and the market will have to adjust!

Latest Developments – Coronavirus, Global Oil Market, and Petrobras Situation

Latest Events And News About The Coronavirus, Petrobras, And Events In The Global Oil Market

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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

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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.

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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.

Archaeologists find in Mexico a sacrifice altar over 1,000 years old, surrounded by skulls, human bones, and signs of rituals from the Toltec Empire.

Scientists open a 1-million-year-old capsule in New Zealand and find fossils of 16 species that reveal extinctions caused by volcanoes and climate changes before humans.

The Economist states that Brazil has a “secret weapon” against expensive oil and highlights how the country can reduce economic impacts even in international scenarios of high volatility.

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Latest Developments – Coronavirus, Global Oil Market, and Petrobras Situation

Latest Events And News About The Coronavirus, Petrobras, And Events In The Global Oil Market

See 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

Archaeologists find in Mexico a sacrifice altar over 1,000 years old, surrounded by skulls, human bones, and signs of rituals from the Toltec Empire.

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.

Brazilian giant expands borders in the Southeast: Petrobras confirms new oil discovery in ultra-deep waters in the pre-salt of the Campos Basin.

Alert in the global energy market: Severe tropical cyclone hits the coast and disrupts gas production at major plants in Australia, threatening global supply.

Petrobras finds high-quality oil in the pre-salt at 113 km from RJ and reignites expectations about strategic reserves in the Campos Basin.

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Archaeologists find in Mexico a sacrifice altar over 1,000 years old, surrounded by skulls, human bones, and signs of rituals from the Toltec Empire.

Scientists open a 1-million-year-old capsule in New Zealand and find fossils of 16 species that reveal extinctions caused by volcanoes and climate changes before humans.

The Economist states that Brazil has a “secret weapon” against expensive oil and highlights how the country can reduce economic impacts even in international scenarios of high volatility.

Abandoned house for 15 years disappears in the woods, shocks owner with unrecognizable scenery and is reborn in an intense transformation after almost 90 hours of work in just 10 days.

Goodbye to the traditional oven? IKEA draws attention with a 3-in-1 microwave that combines an air fryer, grill, and heating in the same compact, affordable appliance designed for small kitchens.