Petrobras Approves Mechanism to Limit Gas Price Volatility

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โดย Insider Monkey·Read original
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Petróleo Brasileiro S.A. – Petrobras has approved a mechanism to limit gas price volatility by introducing floor and ceiling levels tied to Brent crude prices. The mechanism ensures that the gas price will not increase by 6% for state distributors in August and will apply to all customers who choose to adopt it by amending their supply contracts. This move comes as Brazil scales back government fuel support and follows a June 23 non-binding memorandum of understanding with Petróleos Mexicanos to collaborate on oil exploration, production, and refining in the Gulf of Mexico.

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Energy▲ · 1 stocks

Off-coverage companies 1

Petróleos MexicanosPrivate± Mixed
Geopoliticsrelevance

Petrobras signed a non-binding MOU with Pemex for collaboration, but no concrete impact on Pemex is described.

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