Brazil showed signs of returning to normal on Thursday as an oil workers union ended a strike ahead of schedule and an 11-day trucker protest wound down, a welcome breather Continue Reading
Brazil received no bids in the first tender for a total 1.63 million barrels of crude extracted from the prolific pre-salt zone, Reuters reports . The state received the oil Continue Reading
Brazil’s president cuts diesel prices in an effort to bring striking lorry drivers off the picket line. File Photo by Stephen Shaver/UPI May 29 (UPI) — The price of diesel Continue Reading
SAO PAULO (Reuters) – Brazilian oil workers planned a 72-hour strike starting on Wednesday, despite a court order, in a new blow to President Michel Temer and an economy reeling Continue Reading
French oil major Total said on Wednesday that its plans to drill in the ecologically sensitive Foz do Amazonas basin were still alive, despite Brazil’s decision to reject its drilling Continue Reading
Just as the Brazilian government made some progress towards settling matters with truckers that have paralyzed the country with protests against high fuel prices, another strike is looming on the Continue Reading
Brazil’s government said Monday that concessions to end a crippling truckers strike will have a high cost for taxpayers even as the country’s businesses and consumers struggle with shortages of Continue Reading
A trucker protest paralyzing swathes of the Brazilian economy stretched into a fourth day on Thursday as legislative efforts to cut diesel taxes stalled, raising the prospect of highway and Continue Reading
Oil prices have gone up 15 times in May alone. On Monday, truck drivers blocked dozens of roads across 19 Brazilian states. They were protesting the latest rise in diesel Continue Reading
After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. Continue Reading
