A fleet drove for 100,000 kilometres to evaluate the effects of the mix on the engines. At this time, the diesel oil sold in Brazil contains 5% of biofuel.
Author: Agência Brasil
In September, the volume of oil and gas extracted from the underground layer was the highest ever – 220,100 barrels of oil equivalent per day, according to the National Petroleum Agency.
Outflow of dollars from Brazil exceeded inflow by US$ 3.8 billion in October according to the Central Bank.
According to the Motor Vehicle Manufacturers Association, 341,644 new units were sold in October in Brazil, an increase over September. Sales were up by a higher rate, 21.8%, from October 2011.
Financial market analysts have kept their 2012 growth forecast for the Brazilian economy at 1.54% for the third consecutive week.
The Brazilian industry performance declined from August to September, according to a Statistics Institute (IBGE) survey. The decline was even sharper compared with the September 2011, at 3.8%.
The outflow of dollars from Brazil exceeded inflow by US$ 748 million from October 1st through 26th.
The index measured by the Getulio Vargas Foundation went from 105 points in September to 106 in October, the highest level since June 2011.
The Brazilian state-owned oil company Petrobras produced 2.2 million barrels per day in September, a lower volume than in August. Year-to-date, output declined by 1%.
The increase in soy, maize and cotton crops caused farmed regions to increase by 2.8 million hectares in the country in 2011, amounting to a total of 68 million hectares.
A survey conducted by the Brazilian Federation of Banks shows that the industry expects the economy to pick up in 2013. The GDP growth projection is 1.5% this year and 3.9% next year.
The pilgrimage to Mecca, the holy city in Saudi Arabia, began this Wednesday (24th) and is expected to bring together over 2 million Islamic people from the world over.
Year-to-date, the Brazilian current account is running a US$ 34 billion deficit, according to the Central Bank.
The amount was spent during international trips in September. Spending by foreigners in Brazil reached US$ 441 million.
