Petrobras is set to present its new strategic plan for the coming years in November, an executive for Brazil's state-run company said on Wednesday, hinting it should be "consistent" with the current focus on offshore oil formation known as pre-salt. During an oil and gas event in Rio de Janeiro, Petrobras' executive director of governance, Salvador Dahan, said that the company will continue "what it has been doing" in pre-salt exploration and production. "The plan continues to address our focus in Brazil and with development in the pre-salt, with a lot of investment in exploration and production, but also in the downstream (logistics segments)," he said.
(Bloomberg) -- Brazilian stocks have outperformed global peers this year, and some investors say more gains are likely in store as neither of the two candidates vying for the presidency in the first round of voting Sunday is expected to jeopardize the country’s fiscal accounts in the short term. Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesAlzheimer’s Progression Slowed by Drug in Major TrialPutin
In the latest trading session, Petrobras (PBR) closed at $12.25, marking a +0.74% move from the previous day.