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Petrobras refineries to operate at 98.5% of capacity in April, says CEO

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarCompany FundamentalsCorporate Guidance & OutlookManagement & Governance

Petrobras said its refineries will operate at 98.5% of capacity in April, CEO Magda Chambriard reported. Management flagged a 'longer-than-expected' conflict in the Middle East, suggesting persistent geopolitical risk that could keep downstream supply tight and support domestic fuel prices and margins.

Analysis

Petrobras said its refineries will operate at 98.5% of capacity in April, CEO Magda Chambriard reported. Management flagged a 'longer-than-expected' conflict in the Middle East, suggesting persistent geopolitical risk that could keep downstream supply tight and support domestic fuel prices and margins.

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