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Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Attains Dream To Up Production

Boston, MA 01/13/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is keen on improving its oil production. The company has been selling its non-core assets to finance a boost to its production levels. And even there is already something to show for this effort. The company revealed that its production increased by 8 percent […]

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Wants To Reprice Fuel In 2014

Boston, MA 12/13/2013 (wallstreetpr) –  A lot of water has flown since Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) announced that it is looking at increasing the prices of fuels it wishes to sell by next year. The Chief executive officer of Petrobras has announced that such a rise would help the company bring the prices of […]

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Restrained By Low Production

Boston, MA 12/12/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is the largest Latin American publicly traded oil company. The company is controlled by the Brazilian government and the market gives it a value of $87.66 billion. The company imports fuel and sells it at reduced domestic prices. And this is one of the […]

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Divesting Plan In Slow Gear

Boston, MA 11/27/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has a plan, a plan that could change its misfortunes in terms of declining profits in recent times. The company stated that it seeks to liquidate some of its foreign assets valued at $9.9 billion. Some of these assets are in Africa and Gulf of […]

Mounting Losses Push Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) To Seek New Pricing Scheme

Boston, MA 11/05/2013 (wallstreetpr) –  Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has to lobby for a review of fuel prices to contain its runaway costs. Following its dismal quarter posting, the state-run business has asked the government for a shift in the domestic fuel pricing. It is asking that gasoline and diesel prices be adjusted […]

A New Fuel Pricing Formula To Save Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)

Boston, MA 11/04/2013 (wallstreetpr) – It seems that government sees some sense in what state controlled energy giant Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) had proposed as a new pricing formula. The Brazilian head of the state Dilma Rousseff has agreed in-principle to all the company to raise domestic prices of various petroleum products and fuels based […]

Turbulent Times At Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)

Boston, MA 10/30/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) seems to be experiencing turbulent times in the energy sector especially after recording net earnings totaling $1.6billion decline of 39% as compared to the same quarter in F2012. The earnings fell relatively below analysts’ consensus driven by stagnant crude oil output. The company claims imports […]

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) ADR Rise 9% Despite Receding Q3 Profits

Boston, MA 10/29/2013 (wallstreetpr) – Despite a significant 39% drop in net third-quarter profits, ADR prices of Brazil’s state-owned petroleum and natural gas company Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shot up 9%, riding on a strong three-month overall rise of 23%. Brazil’s largest oil company Petroleo Brasileiro (Petrobras) registered receding net profit margins of $1.56 billion […]

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Tumbling Down

Boston, MA 10/22/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has everything going wrong at the moment. The Brazilian government for instance imposed some new regulations on all companies so as to keep the country’s inflation level below 6%. Due to these new regulations companies like PBR have suffered financially because of higher operating cost. […]

Workers Of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Went On Strike

Boston, MA 10/21/2013 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), a Brazilian state-run oil company, suffered a huge havoc recently. The workers of the company went on a nationwide strike to protest the auction of a huge offshore oil field which is scheduled next week. It was mentioned by the Union officials of the National […]

Where Is Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Headed With $236 Billion Injection?

Boston, MA 10/14/2013 (wallstreetpr) –  Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), the world’s 10th largest business has little to show for its towering status these days. This Brazilian state-owned oil company is ailing and there have been several attempts to add more life to its wilting fortunes in the oil and gas industry. The troubles […]