Petrobras Says It Can Reduce Impact Of High Oil Prices In Brazil

By Lucas Pordeus Leon

Petrobras announced it can reduce the impact of high oil prices in Brazil while maintaining the oil giant’s profitability.

“In a scenario where wars and geopolitical tensions increase the volatility of the international energy market, Petrobras reaffirms its commitment to mitigating these effects on Brazil,” the state-owned company told Agência Brasil.

Petrobras added it is possible to reduce the effects of global inflation resulting from high...