Petroleo Brasileiro SA ADR Stock News

Brazilian state-run oil company Petrobras ​said on Thursday it ‌had signed production-sharing contracts with Ivory Coast and its ​state energy firm ​Petroci for eight offshore exploratory ⁠blocks.

Brazilian state-run oil ‌firm Petrobras said on Wednesday it will hike diesel prices to distributors by an ​average of 1 real ($0.1941) per liter ​as of Thursday, while also giving ⁠a discount of the same amount.

A fresh rally in international diesel prices has widened ‌the gap between international prices and Brazil's state-owned oil company Petrobras to record levels, prompting independent importers to delay purchases, industry executives told Reuters.

Brazil's Petrobras is ​looking to raise diesel ‌prices at its refineries by about 1 real ($0.1964) ​per liter, but ​is waiting for government ⁠measures to shield ​consumers from the increase, ​two sources at the state-run oil firm told Reuters.

Brazilian state-run oil firm Petrobras said on Thursday that a package of government ​tax measures will result in a 0.19 real ($0.0372) reduction ‌per liter in gasoline prices for consumers, reversing an earlier announcement that had implied a raise in prices to distributors.

Brazil's state-run oil company, Petrobras , said ​on Friday it had submitted an expression ‌of interest for exploration blocks in Ghana and begun negotiations.

Brazil's state-run ​oil firm Petrobras ‌will "very likely" exceed its forecast for ​oil production ​in 2026, CEO Magda ⁠Chambriard told ​analysts during an earnings ​call on Friday.