- Petrobras (PBR) says its total production for April rose only 0.4% from March, while Brazilian liquids production increased just 0.3%.
- Production was hindered by planned maintenance shutdowns; nevertheless, the company's 7.5% 2014 output growth target will have to be achieved in H2, Raymond James notes in forecasting PBR to be able to achieve just half its target.
- PBR’s ADRs fell 1.8% today, while Brazilian iron ore producer Vale (VALE) rose 0.7% today after China reported its manufacturing activity in May reached a five-month high.
From other sites
Video at CNBC.com (Mar 16, 2015)
at CNBC.com (Mar 16, 2015)
Video at CNBC.com (Feb 25, 2015)
at CNBC.com (Feb 4, 2015)
at CNBC.com (Jan 14, 2015)
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