United States

Simon Webb

Petrobras to boost oil output in 2019, cut debt $10 billion - CFO

Sep 17 2018

NEW YORK Brazil's state-run oil giant Petróleo Brasileiro SA aims to raise output as much as 10 percent to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by $10 billion (7.62 billion pounds), Chief Financial Officer Rafael Grisolia told Reuters.

Brazil's poultry industry could take years to recover from strike -minister

May 30 2018

SAO PAULO Brazil's poultry industry will cull 24 million chickens a day from Thursday if suppliers cannot get food to birds because of a truckers' strike, and the government will need to bail out the hardest-hit producers, the agriculture minister said on Wednesday.

Brazil's Temer downplays threat of coup amid truckers' protest

May 29 2018

SAO PAULO Brazilian President Michel Temer said on Tuesday there was no chance that a nationwide truckers' protest that has paralyzed Latin America's biggest economy will spark a military coup and topple his government.

Big Oil executives jet to Rio for deepwater oil sale

Oct 27 2017

RIO DE JANEIRO, Oct 27 Brazil will auction eight blocks in its coveted deepwater oil region on Friday, a prospect that has lured top executives from the world's biggest oil companies to Rio de Janeiro for the bidding round.

Petrobras expects bidding for all pre-salt oil blocks on Friday

Oct 26 2017

RIO DE JANEIRO The world's top energy companies will compete fiercely for deepwater oilfields Brazil will auction on Friday and all eight pre-salt blocks are likely to be awarded, according to the head of state-run oil giant Petroleo Brasileiro SA.

Shell says can pump oil from Brazil's pre-salt fields below $40/bbl

Oct 25 2017

RIO DE JANEIRO Royal Dutch Shell will participate in Brazil's deepwater oilfield auction on Friday and is confident it can pump oil from the fields on offer for less than $40 a barrel, a top Shell executive said.

Exclusive: Petrobras turnaround could yield first dividend in years in 2017

May 17 2017

NEW YORK Brazil's state-controlled oil company Petrobras will pay its first shareholder dividend in three years if the company turns a profit in 2017, Chief Executive Officer Pedro Parente said on Wednesday. | Video

OPEC sights set for now on $50-60 per barrel oil: PIRA's Ross

Oct 04 2016

NEW YORK OPEC producers have their sights set on a sustained oil price of $50-$60 per barrel, a modest ambition for the first cut in supply by the oil exporting group in eight years, says one of the industry's top forecasters.

New York City shaken by 'intentional' explosion, 29 injured

Sep 18 2016

NEW YORK, Sept 18 An explosion rocked the Chelsea neighborhood of Manhattan on Saturday night, injuring at least 29 people, authorities said, adding that they are investigating the blast as a criminal act not immediately linked to any terror organization.

Tourism, infrastructure to support Thailand's economy this year: BOT Governor

Aug 07 2016

BANGKOK Thailand's record tourist arrivals and public works spending are expected to offset weak domestic demand and global economic drag, keeping Southeast Asia's second-largest economy on course for 3.1 percent growth this year, the central bank governor told Reuters in an interview.

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