11 articles
Brazilian President Lula cut federal taxes on gasoline and ethanol to offset rising oil prices amid Middle East tensions. The policy aims to protect consumers from high fuel costs ahead of the October
Brazilian President Lula and US President Trump discussed recently imposed US tariffs on Brazilian goods, including ethanol, during a phone call aimed at restarting negotiations before October electio
Petrobras discovered potential oil reserves off Brazil's Amazon coast, providing President Lula a political boost ahead of reelection despite commercial viability remaining uncertain. Production could
Brazilian President Lula condemned new U.S. tariffs in a Washington Post op-ed, citing risks to bilateral partnerships and supply chain disruptions. He warned that duties on food and other goods will
The US imposed 25% tariffs on Brazilian goods, exempting coffee and beef but taxing ethanol, impacting over $11 billion in exports. This move intensifies political tensions between President Lula and
Brazilian and Mexican presidents signed an agreement between state oil giants Petrobras and Pemex to cooperate on energy, petrochemicals, and fertilizers. This partnership aims to boost production and
Brazil's Q1 2026 GDP grew 1.1%, driven by mining and government stimulus. Rising fuel and food costs drive inflation concerns despite social aid boosting consumption ahead of elections.
President Lula's administration is implementing fiscal stimulus worth 1.5% of GDP, clashing with the central bank's high-interest rate policy. Measures include fuel tax cuts and healthcare debt relief
Brazil announced up to $580 million monthly fuel subsidies to mitigate inflation impacts from the Iran conflict and support President Lula before October elections. The policy covers gasoline, diesel,
Brazil will raise mandatory ethanol blending in gasoline to 32% and potentially increase biodiesel blends to 16%, aiming for gasoline self-sufficiency. The Energy Ministry expects to finalize the etha
Brazilian President Lula signed a law expanding tax relief for chemical producers, cutting input levies by over 60% to counter rising feedstock costs from the Middle East conflict. The measure allocat
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