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BRASILIA/ RIO DE JANEIRO, June 24- Brazil plans to sell billions of dollars worth of offshore oil rights to state-run oil company Petrobras, a move expected to saddle the company with new costs even as its debt soars and it struggles to meet existing production targets.
BRASILIA, June 24- Brazil plans to sign over additional production rights to four fields that hold an estimated 10 billion to 14 billion barrels of oil directly to Petrobras, the National Energy Policy Council said on Tuesday, extending the state-run company's existing rights in the fields off the southeast coast.
BRASILIA, June 19- Brazilian President Dilma Rousseff's popularity has continued to fall, though the left-leaning leader is still favored to clinch re-election in a probable second round of vote, according to a new poll published on Thursday.
BRASILIA, June 19- Brazilian President Dilma Rousseff's popularity has continued to slip, though the left-leaning leader is still favored to win re-election in a possible second round of vote, according to a new poll published on Thursday.
BRASILIA, May 22- President Dilma Rousseff's main rivals have cut her lead ahead of Brazil's elections in October, though she is still favored to win re-election if the race goes to a second round, according to a poll published on Thursday.
BRASILIA, May 15- Dilma Rousseff sometimes enters the cabin of her presidential plane, asks to see the flight plan and orders the pilot to fly around potential turbulence- even if it might add hours to the journey. Since taking office in 2011, Rousseff has often tried to control Brazil's economy in the same hands-on way.
BRASILIA, May 14- Brazil's Senate opened an inquiry on Wednesday into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection in October.
RIO DE JANEIRO, May 9- Profit at Brazil's state-run oil company Petroleo Brasileiro SA fell 30 percent in the first quarter, the company said on Friday, meeting analysts' expectations as refining and fuels losses rose and output fell. The result was in line with the 5.24- billion-reais average estimate of 11 analysts surveyed by Reuters News.
BRASILIA, May 9- Support for President Dilma Rousseff among Brazilian voters has fallen and her main rivals have gained ground, reducing her chances of a first-round victory in the Oct. 5 election, a new poll by Datafolha showed on Friday.
RIO DE JANEIRO, May 9- 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 and a weakening Brazilian currency that erased gains from a fuel-price increase.
SAO PAULO, May 8- A Brazilian federal court on Thursday gave police access to bank records of Brazil's state-run oil company Petroleo Brasileiro SA in a widening money laundering probe focused on refineries in Brazil and the United States.
U.S. crude rose as expectations of a build in inventories were undermined by record low stocks at the benchmark's Cushing delivery point.
The "Fast Money" traders share their final trades of the day.
BRASILIA, May 1- It's the catch phrase of the moment in Brazil's capital, seen on posters and even a few bumper stickers: "Come back, Lula." As President Dilma Rousseff sags in polls ahead of this October's election, there are growing calls for her popular predecessor and mentor Luiz Inacio Lula da Silva to take her place as the Workers' Party candidate.
BRASILIA, April 24- Brazil's Supreme Court upheld late on Wednesday an opposition request for a congressional inquiry into alleged corruption at state-run oil company Petroleo Brasileiro SA, a ruling that could upset President Dilma Rousseff's re-election plans.
RIO DE JANEIRO, April 22- Brazil's financial markets have soared over the past month on hopes that the government may run smaller deficits, stop interfering as much in the private sector and perhaps even undertake long-needed reforms to revive the economy. But some of the most experienced Brazil- watchers on Wall Street are saying: Not so fast, guys.
BRASILIA, April 20- Brazils President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday.
SAO PAULO, April 17- Eduardo Campos, the centrist former state governor running third in Brazil's presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.
BRASILIA, April 16- Despite a mushrooming scandal at state-run oil company Petrobras and bad news on the economic front, Brazil's President Dilma Rousseff is still the hands-down favorite to win the elections in October, according to a new poll on Wednesday.
SAO PAULO, April 16- With Brazil's economy struggling, a scandal at its state-run oil company and nearly three-quarters of voters saying they want change from their government, President Dilma Rousseff looks vulnerable in her bid for re-election this October.