trending Market Intelligence /marketintelligence/en/news-insights/trending/92cb-su2w6rj8php5ioovq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Petrobras to use gasoline price hedging program

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Petrobras to use gasoline price hedging program

Brazil's state-controlled Petróleo Brasileiro S.A. - Petrobras is planning to use a gasoline price hedging program to increase its flexibility in times of market volatility, the company said Sept. 5.

Petrobras said the program will allow it to change the frequency of pricing adjustments in the domestic market, keeping them stable for short periods of up to 15 days at a time.

In early June, Pedro Parente resigned as Petrobras CEO. Parente was working to reduce the company's massive debt and had implemented a market-based fuel pricing mechanism. Parente stepped down June 1 in the wake of oil and trucking workers' strikes held in protest of rising fuel prices.