Petrobras will cut its road diesel price by R$0.3515 per liter from June 1 under a federal subsidy designed to offset higher ...

SAO PAULO, May 30 (Xinhua) -- Brazil has extended emergency measures for two months to contain fuel price increases caused by volatility in the global oil market amid the war involving the United Stat ...

Brazil's state-run oil firm Petrobras ​reported a drop in first-quarter net profit, missing market expectations, ‌as the impact of higher oil prices from the Middle East conflict had yet to flow ...

Brazil’s central bank said its monetary policy needs to remain tight as both the war in the Middle East and domestic demand pressure inflation.

Recent oil price shocks in response to the closure of the Strait of Hormuz underscore the importance of oil-producing countries outside of the Middle East. One of the most important is Brazil, Latin ...

RIO DE JANEIRO, April 8 (Reuters) - A Brazilian federal court has issued an injunction exempting TotalEnergies (TTEF.PA), opens new tab, Repsol Sinopec (REP.MC), opens new tab, Galp's Petrogal, Shell ...

In response, crude oil futures have reached $105 per barrel for West Texas Intermediate, while Brent prices have reached $126 ...