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Petrobras

Petrobras says chair’s appointment to oil regulator must still be analyzed by Lula’s team

SAO PAULO: Brazil’s Petrobras said on Wednesday that the energy ministry had nominated the firm’s chairman to a...

Published 05 Dec, 2024 12:14pm

Markets

India has discussed raising oil imports from Brazil, minister says

NEW DELHI: India has discussed raising oil imports from Brazil in a meeting with the head of the South American...

Published 20 Sep, 2024 10:53am

Markets

Brazil’s Petrobras cuts jet fuel prices by 1.3% in key markets

SAO PAULO: Brazilian state-run oil company Petrobras lowered jet fuel prices to distributors by around 1.3% in some...

Published 01 Apr, 2024 08:32pm

Markets

Petrobras to increase refining capacity 25% over 4 years

QUITOL: Petrobras Chief Executive Jean Paul Prates said on Tuesday that the Brazilian state-owned oil company plans...

Published 06 Feb, 2024 10:39am

Markets

Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says

RIO DE JANEIRO: Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take...

Published 01 Dec, 2023 06:05pm

Business & Finance

India’s BPCL signs MoU with Petrobras to diversify oil sourcing

NEW DELHI: India’s state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil’s national...

Published 24 Sep, 2022 03:57pm

Business & Finance

Petrobras CEO resigns

SAO PAULO: The chief executive of Brazil’s state-run oil company Petrobras resigned on Monday in the face of...

Published 21 Jun, 2022 05:51am

Markets

Brazil’s Petrobras raises fuel prices

RIO DE JANEIRO: Brazil’s state-owned oil company Petrobras announced Friday it is raising fuel prices, infuriating...

Published 18 Jun, 2022 10:09am

Business & Finance

Petrobras shares fall after Bolsonaro fires its boss

BRASÍLIA: The price of shares in Brazil’s state oil giant Petrobras fell Tuesday in reaction to President Jair...

Published 30 May, 2022 05:53am

Markets

Petrobras reports profit increase despite Bolsonaro criticism

RIO DE JANEIRO: Brazilian state oil giant Petrobras on Thursday reported a first-quarter net profit of 44.6 billion...

Published 06 May, 2022 10:49am

Markets

Petrobras to seek government approval for fuel price hikes

HOUSTON: Petroleo Brasileiro SA executives this week will seek government approval to increase wholesale fuel prices...

Published 07 Mar, 2022 04:48pm

Markets

Petrobras sees record net profit in 2021 at nearly $20bn

RIO DE JANEIRO: Brazilian state-run oil company Petrobras announced Wednesday it posted a record net profit of ...

Published 24 Feb, 2022 11:10am

Markets

Brazil’s Petrobras higher price demands delay refineries sales

SAO PAULO/RIO DE JANEIRO: Brazil’s state-controlled oil company Petrobras has raised prices at least once in the...

Published 15 Dec, 2021 06:34am

Markets

Petrobras notches $5.9bn profit in Q3

RIO DE JANEIRO: Brazilian state-run oil company Petrobras reported a hefty net profit of $5.9 billion for the third...

Published 29 Oct, 2021 09:48am

Markets

Petrobras shares close up almost 10% on strong Q2 earnings

The rebound of the world economy sent Brent crude prices rising to an average of $68.83 in the second quarter, up 135 percent from the same period in 2020

Published 06 Aug, 2021 10:00am

World

Brazil's Lula seeks latest upset: win back the center

In a deeply polarized Brazil, Lula is striving to sell himself as a moderate to the alienated middle.

Published 26 May, 2021 10:01am

Business & Finance

Brazil's Petrobras lowers fuel prices even as oil rises internationally

The move would be the first under the management of General Joaquim Silva e Luna, who replaced Roberto Castello Branco as the company's top executive after the government apparently disagreed with the state-run company's fuel pricing policy.
In a note on Friday, brokerage Ativa Investimentos said its model indicated a potential 13% rise in gasoline prices, driven by the increasing international oil prices.

Published 30 Apr, 2021 08:32pm

Business & Finance

At Brazil's Petrobras, a 'Spartan' military man takes the reins

President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm is formally known, in a Facebook post in February.
Petrobras shares fell sharply when Luna's predecessor, Roberto Castello Branco, was forced out after the group hiked domestic fuel prices several times in February, angering Bolsonaro.

Published 12 Apr, 2021 05:57pm

Business & Finance

Petrobras minority shareholders ask for cumulative voting in assembly

Petrobras also said in a securities filing that minority shareholders proposed a new candidate for the board, banker Jose Joao Abdalla Filho, owner of Banco Classico and energy and agribusiness companies. His name was proposed by investment funds holding Petrobras shares.

Published 09 Apr, 2021 06:05pm

Business & Finance

Petrobras requests ministry clarify Bolsonaro pricing comments; shares slide

In a securities filing, Petrobras said it asked the ministry about information that "should have been released to the market." The ministry has yet to respond, Petrobras said.
Bolsonaro's remarks on Wednesday helped wipe out gains in Petrobras' preferred and ordinary shares and they closed that session virtually flat. The preferred shares closed 0.08% down. The selling continued on Thursday.

Published 08 Apr, 2021 08:48pm

Markets

Brazil's Bolsonaro says he could change Petrobras fuel pricing policy

Amid truck driver complaints about high fuel prices, Bolsonaro announced in February that he would replace the chief executive of Petrobras.

Published 08 Apr, 2021 11:50am

Markets

Brazil's real extends slide on political worries; Mexican peso up over 1pc

The fear is that, with Lula's specter hanging over his re-election, Bolsonaro could act even more erratically and take populist actions that compromise Brazil's fragile fiscal situation.
With US Treasury yields stabilizing and Wall Street's stock indexes opening higher, Sao Paulo's Bovespa stock index rose 0.2%, after sinking 4% on Monday.

Updated 09 Mar, 2021 09:33pm

Business & Finance

Brazil's Petrobras returns to profit in Q4

The result was strong enough for Brazil's biggest company to end the Covid-shaken year with a surprise annual profit of 7.1 billion reais.

Published 25 Feb, 2021 05:16pm

Business & Finance

Brazil's Petrobras rebounds partly from stock plunge

The price hikes have triggered backlash in Brazil, a top 10 oil producer with output of 3.67 million barrels per day in 2019.

Updated 24 Feb, 2021 05:45pm

Markets

Shares in Brazil's Petrobras rebound after Monday plunge

Shares in Petroleo Brasileiro SA, as the company is officially known, plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value.

Published 23 Feb, 2021 08:06pm

Business & Finance

Shares in Brazil's Petrobras plunge 20%

He also criticized Castello Branco for working from home because of the pandemic.

Published 23 Feb, 2021 10:32am

Business & Finance

Shares in Brazil's Petrobras plunge 19pc

Petrobras has increased fuel prices four times so far in 2021, a cumulative rise of nearly 35 percent.

Published 22 Feb, 2021 07:31pm

Markets

Brazil's Petrobras shares plunge 17pcin NY after analysts' downgrades

"There are risks to the company's independence and ability to continue pricing its fuel to international parity".
Bolsonaro announced the nomination of Joaquim Silva e Luna to replace current Branco to head Petrobras on social media after the market close Friday.

Published 22 Feb, 2021 06:25pm

Business & Finance

Brazil's Petrobras executive management in talks on possible mass resignation - sources

*President Jair Bolsonaro earlier said he had decided to appoint former Defense Minister Joaquim Silva e Luna as the state-controlled oil company’s CEO.

Published 20 Feb, 2021 10:08am

Markets

Troubles at Petrobras weigh on Bovespa; Mexican peso extends deep freeze slide

Petrobras shares slide 5% as CEO resists pressure to resign.
Mexican peso down for 5th straight day; set for 2% weekly loss.
Mexico's government readying ~$5 bln Pemex lifeline –source.

Published 19 Feb, 2021 08:54pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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