It was a week where oil prices marked its highest close since July 2015 and natural gas futures surged on cold weather. Overall, it was a good week for the sector. West Texas Intermediate (WTI) crude futures edged up 0.1% to close at …
Really hard times. A combination of factors — both internal and external — have caused Petrobras and PBR stock to falter. So much so, that PBR managed to drop from a peak market cap of $130 billion down to around $30 billion in a …
With that in mind, it is just possible that Petrobras' ADRs may in fact be the riskiest oil stock in the world. Get the latest Oil WTI price here.
Petrobras ( PBR) saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent …
The value of Petrobras' stock on the New York Stock Exchange has fallen to $1.70, from about $8 a year ago. Related: Brazil falls deep into recession The foundation says that PwC knew about Petrobras' money laundering but looked the …
The market does not even seem to care that Exxon Mobil is now back at the same price as when Warren Buffett started buying up the stock. What Petrobras is really at fault over, from the investor angle, is that the company’s management …
Add pricing issues to long-suffering Petrobras (PBR) shareholders’ pile of worries. Shares of PBR stock are falling hard today, currently down 10% at press time. Why the mass selling of PBR stock? Because of transparency issues for …
RIO DE JANEIRO, Jan 22 (Reuters) - Shares in Brazilian state-run energy giant Petrobras shot up on Tuesday after Monday’s sell-off, fueled by a major natural gas discovery that confirms the high potential of the subsalt cluster off …
SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian oil giant Petrobras said on Friday its massive share issue could reach $79 billion, expanding what was already the largest stock offer in history in a possible sign of strong investor demand. …
Petróleo Brasileiro S.A. (NYSE: PBR), known as Petrobras to most U.S. investors, may finally be closer to a bottom in its stock price. While U.S. oil giants have hung in there, Petrobras shares just seem to keep rolling over with lower and …