Petrobras CEO Pedro Parente has resigned from his post amid nationwide strikes

11:44 AM ET Fri, 1 June 2018

Pedro Parente, the chief executive officer of Brazil's state-controlled oil producer Petroleo Brasileiro, resigned his post on Friday. Parente said his presences was no longer positive in light of strikes over the company's nearly year-old policy of allowing the market to set the price of fuel.