Petrobras' October Output Declines Following Platform Shutdowns

Petróleo Brasileiro S.A. - Petrobras (PBR) , a leading oil company in Brazil, experienced an 11% drop in its production levels in October from the same month in 2023. With PBR accounting for most of the country’s output, Brazil’s oil regulator, ANP, also reported that Brazil’s overall oil production dropped by 7.8% in October, reaching 3.268 million barrels per day. The decline in production levels was due to the scheduled shutdown at major oil fields like Buzios and Tupi.How the Shutdown Affected PBRTwo pl ...