Petrobras, Brazil’s oil giant, is considering expanding its operations and is eyeing a potential re-entry into Venezuela’s oil market. In a conversation with the Sputnik outlet, economist Rafael Quiroz revealed that CEO Jean Paul Prates is considering Chevron’s recent return to Venezuela as a model for expansion. In November 2022, a deal with Venezuela’s government […]
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At the G20 Summit in New Delhi, Brazil’s President Lula called for stronger climate commitments from wealthy nations. He said big emitters should cover most climate fight costs. Lula cited a 14-year-old unmet pledge by these countries. They had promised US$100 billion per year to help developing countries with climate issues. He argued that the […]
Twitter users attribute Brazil’s credit rating improvement to Bolsonaro’s administration
Even though the Lula administration attempted to claim credit for the improved rating, prominent Twitter users in Brazil made clear, that Jair Bolsonaro’s government is responsible for Brazil’s good standing and not Lula’s. Twitter users added a contextual note to a tweet from Arthur Lira, President of the Chamber of Deputies, regarding Brazil’s new credit […]
Challenges ahead: Brazil’s coffee sector revenues to decline by 2023
Brazil’s coffee sector, a vital part of its economy, is set to face challenges in the coming year. The Ministry of Agriculture and Livestock (Mapa) has indicated that the country’s coffee sector revenues will decline by 2023. Mapa is projecting a gross total revenue of R$48.8 (US$9.5) billion, a 9.22% decrease from the previous coffee […]