Surging global diesel prices have widened the gap with Petrobras' domestic rates, causing import delays and raising concerns about localized supply disruptions in Brazil's agricultural sector ahead of
Petrobras is exploring LNG exports from offshore fields amid surging Asian demand, engaging shipbuilder Seatrium for liquefaction projects despite domestic regulatory challenges. The state-controlled
Brazil’s Petrobras is considering improved payment terms for Braskem as the petrochemical producer faces an August 24 deadline to restructure debt and avoid bankruptcy protection.
Brazilian petrochemical giant Braskem plans to file a protective injunction against creditors to facilitate an out-of-court restructuring. This move follows recent ownership changes where IG4 Capital
Private equity firm IG4 plans to acquire Brazilian sugar and ethanol producer Raizen by March 2027 amid a $12.7 billion debt restructuring. This move highlights IG4's growing focus on the agribusiness
Private equity firm IG4 submitted non-binding offers to acquire control of Brazilian sugar and ethanol producer Raizen via its creditors. The move follows Raizen's record $12.7 billion debt restructur
IG4 Capital and Petrobras completed their April deal to become co-controllers of Brazilian petrochemical firm Braskem. IG4 holds 50.1% of voting shares while Petrobras retains 47%, signaling a major g
Petrobras surged direct diesel sales to large consumers following a deal with miner Vale, prompting distributor complaints over regulatory asymmetry. ANP data shows volumes jumped to 22.39 million lit
Brazilian state-run oil firm Petrobras will raise average jet fuel prices to distributors by 18% starting May 1 due to oil prices and exchange rates. This follows a 54.8% hike in April linked to geopo
A Petrobras board member warns the company faces billions in losses due to selling diesel below international prices amid the Iran conflict. He urges price adjustments to restore financial independenc
IG4-backed funds acquired over half of Braskem's voting capital from Novonor via a debt-for-equity exchange to restructure the Brazilian polymers major amid financial stress. The deal aims to stabiliz
Petrobras plans to increase natural gas prices for Brazilian distributors by approximately 20% in May following global oil price hikes, prompting industry groups to seek government relief amid fears o
Petrobras waived preemptive rights, enabling IG4 to acquire Braskem's controlling stake under a new co-governance model. This move comes as Braskem faces debt pressures amid a petrochemical downturn,
Indian refiner BPCL plans to sign a $780 million crude oil supply deal with Brazil's Petrobras for 12 million barrels. This move supports India's strategy to diversify oil sources away from sanctioned
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