Jeb Blount –

Petrobras first-quarter profit seen falling on output, costs, forex

August 24, 2021 at 11:52 p.m.

RIO DE JANEIRO (Reuters) - Brazil's state-run oil company, Petroleo Brasileiro SA, will likely report a one-third drop in first-quarter profit from a year earlier, on slack output, rising costs...

Brazil court rules in Vale’s favor on foreign taxation

August 24, 2021 at 11:17 p.m.

RIO DE JANEIRO (Reuters) - A Brazilian appeals court on Thursday gave mining company Vale SA a partial victory in its 22.3 billion real ($10 billion) dispute with Brazil's government...

Brazilian tycoon Batista faces insider trading probes

August 24, 2021 at 10:55 p.m.

RIO DE JANEIRO (Reuters) - Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired...

Brazil probe of Petrobras U.S. refinery misses bigger problem

November 3, 2021 at 8:38 p.m.

RIO DE JANEIRO (Reuters) - The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it...

Brazil probe of Petrobras U.S. refinery misses bigger problem

December 23, 2018 at 5:24 p.m.

RIO DE JANEIRO (Reuters) - The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it...

Brazil scrambles to avoid power rationing as costs soar

November 3, 2021 at 8:31 p.m.

RIO DE JANEIRO (Reuters) - Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its...

Brazil scrambles to avoid power rationing as costs soar

September 9, 2018 at 1:18 a.m.

RIO DE JANEIRO (Reuters) - Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its...

Analysis: Petrobras fuel woes make Brazil dependent on U.S., India

August 24, 2021 at 7:42 p.m.

RIO DE JANEIRO (Reuters) - In October 2007, Brazilian President Dilma Rousseff, then chairwoman of state-run petroleum company Petrobras, proudly predicted that giant new offshore oil fields would usher in...

Vale to pay $9.6 billion Brazil tax bill after big discount

August 24, 2021 at 5:42 p.m.

RIO DE JANEIRO (Reuters) - Brazilian miner Vale SA said on Wednesday that it agreed to pay 22.325 billion reais ($9.61 billion) in taxes on profit from overseas operations, accepting...

After bondholders, OSX, Schlumberger, Ensco top OGX creditor list

August 24, 2021 at 5:03 p.m.

RIO DE JANEIRO (Reuters) - Bondholders, followed by oilfield-service companies, are the biggest creditors of Brazilian tycoon Eike Batista's oil company OGX, which made Latin America's biggest-ever bankruptcy filing last...

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