- Reuters•14 hours ago
A Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA (Petrobras) after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program that aims to raise cash to reduce its large debt load. Members of an oil workers union in the northern state of Sergipe asked the court to block the sale process, arguing that Petrobras should hold a public tender to sell the stake in the subsidiary instead of the current private negotiation.
- The Wall Street Journal•15 hours ago
Petróleo Brasileiro will raise domestic fuel prices after production cuts announced last week by the Organization of the Petroleum Exporting Countries triggered a rally in global oil markets.
- Barrons.com•17 hours ago
Brazil's new President Michel Temer only has a 10% to 20% chance of not finishing his term, and he's unlikely to fall, Eurasia Group says. It's only been a few months since former President Dilma Rousseff was impeached following pressure from the Lava Jato corruption investigation alleging a wide-sweeping scheme between construction company Odebrecht, Brazil's state-controlled Petroleo Brasileiro or Petrobras (PBR) and a number of politicians.
PBR : Summary for Petroleo Brasileiro S.A.- Petro - Yahoo Finance
Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE - NYSE Real Time Price. Currency in USD
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|Bid||10.57 x 3000|
|Ask||10.58 x 100|
|Day's Range||10.43 - 10.89|
|52 Week Range||2.71 - 12.56|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-4.26|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|