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Murray News

Petrobras plans to take back fertilizer units leased to Unigel

Petrochemical company failed to pay $1bn natural gas supply contract, started arbitration against oil giant 07/08/2024 Unigel reactivated operations at the Sergipe and Bahia plants in 2021 with an investment of R$500m — Foto: Divulgação Petrobras plans to take over nitrogen fertilizer plants in Laranjeiras (Sergipe) and Camaçari (Bahia) leased to Unigel in 2020, Valor learned. The move aligns with […]

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8 de July de 2024/by Gelcy Bueno
Murray News

Weakened real, Brent pressure Petrobras to raise fuel prices

Company’s new CEO and CFO reiterated last week that they see no reason to change pricing policy 07/08/2024 For the Brazilian Association of Fuel Importers (ABICOM), Petrobras’s lag could increase if oil prices remain high — Foto: Hermes de Paula/Agência O Globo Despite the recent appreciation of the real and a relief in Brent oil prices on Friday, Petrobras’s fuel […]

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8 de July de 2024/by Gelcy Bueno
Murray News

Spending savings now could lead to higher prices later, economists say

Families have been sustaining activity, but analysts see a risk in depleting financial reserves 08/07/2024 Bruno Martins — Foto: Leo Pinheiro/Valor While the strength of Brazilian household consumption in 2024 has surprised even the most optimistic analysts, economists are trying to understand what is driving this phenomenon—whether it is income growth due to a tight labor market or the result of families […]

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8 de July de 2024/by Gelcy Bueno
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