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Brazil s Petrobras to keep flexible fuel price policy

3 Min Read RIO DE JANEIRO (Reuters) -Petroleo Brasileiro SA will leave its fuel pricing policy unchanged, the company’s new trading chief said on Friday, which in practice gives the company significant flexibility to avoid international market volatility when it sets prices. FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo In 2020, Petrobras, as the Rio de Janeiro-based firm is known, extended from three months to one year the period for which it calculates the international price parity of the fuels it sells.

Brazil s Petrobras receives a further two board nominations from government

By Reuters Staff 1 Min Read BRASILIA, March 10 (Reuters) - Brazil’s state-run oil firm Petrobras said on Wednesday that the government has nominated a further two individuals as potential members of the firm’s board of directors, to be voted on at the upcoming extraordinary general meeting. This comes after Petroleo Brasileiro SA, as the company is formally known, said on Monday it had received six nominations from the Ministry of Mines and Energy and Economy Ministry. In a securities filing on Wednesday, Petrobras said the Ministry of Mines and Energy had nominated Cynthia Santana Silveira and Ana Silvia Corso Matte.

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