Petroleo Brasileiro SA ADR Stock News

Brazilian union Sindipetro-NF, one of the largest representing Petrobras workers, accepted on Tuesday a counteroffer from the state-run oil company for a labor deal, suspending a strike launched earlier this month.

Brazil's Superior Labor Court ruled staffing levels to remain at 80% at all Petrobras facilities in Brazil as negotiations between workers at the state-run oil company drag on amid a prolonged strike.

Brazilian union Sindipetro-NF, one of the largest representing Petrobras' workers, has rejected the most recent proposal by the state-run oil firm to end a 12-day-long strike, it said in a statement on Friday.

Brazilian state-run oil firm Petrobras' Tupi field briefly reached a production pace this week that, if sustained for a full day, would amount to 1 million barrels, three sources familiar with the matter told Reuters.

Brazilian oil workers union FUP said on Monday it plans to accept a counteroffer from state-run company Petrobras for a labor deal, paving the way to end a week-long strike.

A dispute involving about 50,000 retired Petrobras employees over payment deductions may prolong a strike at the Brazilian state-run oil firm, union leaders and executives told Reuters.

Petrobras trades at the lower bound of peers' range, despite sitting on one of the largest, most profitable, proven reserves in the Oil & Gas sector. Petrobras preferreds, trading on the NYSE under the ticker PBR.A, typically trades at a discount to the common shares, yet carries a variable distribution structure that exposes investors to potential growth. The main risk is political, given the ...

A strike at Brazil's state-run oil firm Petrobras has reached workers in offshore oil platforms in the country's Santos basin, Adaedson Costa, the secretary general of local union FNP, told Reuters on Thursday.