Petrobras Resumes Production at Tupi Field FPSO After Safety Shutdown, Set to Restore Tens of Thousands of Barrels Per Day

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)  is one of the best high volume stocks to buy according to Wall Street analysts. On October 13, Bloomberg reported that Petrobras announced that it would resume offshore production at a platform located in one of its two largest oil fields, Tupi, potentially adding to a global supply glut that has crude oil prices hovering around $60 a barrel. This restart involves the floating production vessel/FPSO known as the Cidade de Angra dos Reis, following the compl ...