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.

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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A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

James Webb finds a deformed lemon-shaped planet orbiting a dead star, with an atmosphere of helium and carbon, soot and carbon clouds that could turn into diamond in the depths; composition defies everything scientists expected from a Jupiter-sized world.

The James Webb telescope detected the climate of a planet 280 light-years from Earth, with days hot enough to forge iron and nights covered by dense clouds, where winds reach 8,000 km/h.

China is equipping a scientific base in the heart of Antarctica with solar, wind, hydrogen, and battery power to operate even during the polar night in the Ross Sea.

A British company installed Japan’s first megawatt-scale tidal turbine under the Naru Strait, generating clean electricity from the predictable force of the tides, without relying on wind or sun.

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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:

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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James Webb finds a deformed lemon-shaped planet orbiting a dead star, with an atmosphere of helium and carbon, soot and carbon clouds that could turn into diamond in the depths; composition defies everything scientists expected from a Jupiter-sized world.

The James Webb telescope detected the climate of a planet 280 light-years from Earth, with days hot enough to forge iron and nights covered by dense clouds, where winds reach 8,000 km/h.

China is equipping a scientific base in the heart of Antarctica with solar, wind, hydrogen, and battery power to operate even during the polar night in the Ross Sea.

A British company installed Japan’s first megawatt-scale tidal turbine under the Naru Strait, generating clean electricity from the predictable force of the tides, without relying on wind or sun.

End of bricklayers laying brick by brick: compact robots use AI, carry bricks and mortar, pass through doors, work in teams, and are already building real facades in Europe.