Swiss bank Julius Baer predicts a further decline in oil prices below $80, indicating a bearish trend, in their November 23, 2023 analysis. Julius Baer, one of the most prominent helvetic financial institutions, is known for its expertise in wealth management and global financial market analysis. The bank notes significant market fluctuations contributing to this […]
Related Posts
Brazil calls for federal police probe into nationwide power outages
The Brazilian government has called on the Federal Police to examine the reasons behind a widespread power outage that impacted most parts of the country, as stated by the Minister of Mines and Energy, Alexandre Silveira. The blackout, the origins of which remain unclear, led to power disruptions in all Brazilian states except for Roraima […]
Usiminas Faces Economic Challenges in Steel Market
Usiminas, a major player on Brazil’s Ibovespa stock index, saw a sharp 10% drop in its shares after releasing first-quarter results for 2024. Located in Belo Horizonte, Brazil, the group is a pivotal steel producer in Latin America, significantly influencing the region’s economic landscape. Despite showing strengths in its steel division due to cost efficiencies, […]
Petrobras forecasts oil production for the next 40 years
On the same day the Union’s Attorney General’s Office supported oil exploration near the Amazon River delta, Petrobras conveyed its potential for oil production for the next 30 to 40 years. Joelson Falcão Mendes, the company’s director of exploration and production, made this statement, echoing prior remarks by Petrobras CEO, Jean-Paul Prates. He indicated that […]