In the latest trading session, Petrobras (PBR) closed at $11.76, marking a +0.68% move from the previous day.
RMR Group, Nippon Yusen Kabushiki Kaisha and Petroleo Brasileiro S.A are part of Zacks top Analyst Blog.
Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday. The crisis has halved oil output, the country's main source of revenue, to some 234,500 barrels per day while forcing reductions in fuel prices, though protest leaders have called the price cuts insufficient. On Wednesday, the government of President Guillermo Lasso imposed a curfew and restricted transit in four provinces to restore public order, control violence, secure basic supplies and protect state property, while marking oilfields and facilities as secured zones.