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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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 19	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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