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0.000339673913043531 0 -0.00143342391304352 -0.00203804347826083 0.000339673913043531 -0.00339673913043483 -0.0061141304347826 -0.00543478260869566
Stock impact report

Petrobras Eyes Opening Mideast Unit to Strengthen OPEC+ Ties [BNN Bloomberg (Canada)]

Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: BNN Bloomberg
Petrobras will begin formal analysis later this month on establishing a subsidiary intended to strengthen commercial ties in the Persian Gulf region, Chief Executive Officer Jean Paul Prates wrote in a text message to Bloomberg News on Friday. Prates' remarks come a day after Brazilian Energy Minister Alexandre Silveira told an OPEC+ gathering that the nation will join the charter in January. The charter is a platform for dialog that's open to all oil-producing countries without binding them to output quotas. “We'll analyze the feasibility of establishing a wholly-owned subsidiary in the Gulf: Petrobras Arabia,” the CEO said in a text. Brazil pumps more than 3 million barrels of crude daily, roughly equivalent to the output of OPEC+ members Iran and the United Arab Emirates. Read More: Brazil to Join OPEC+ Alliance Charter in Non-Binding Move Brazilian President Luiz Inacio Lula de Silva has been strengthening ties with OPEC+ as part of his broader agenda of representing th Show less Read more
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