Total oil, oil product and natural gas sales exceeded purchases in the country from January to May of this year.
Author: Agência Brasil
Sales in Brazil increased 3.6% in June and 14.4% in the year’s first six months.
IPCA, the official inflation rate indicator in Brazil, registered 1.26% in June, the highest rate for the month since 1995.
The plane makers will enter into a joint venture comprising all of the Brazilian company’s commercial aviation operations. The US-based company will retain an 80% stake in the USD 4.7 billion deal.
The BNDES’s pilot project will allocate BRL 10 million (USD 2.64 million) to support innovation companies.
The North American currency had an appreciation of 0.45% this Wednesday and ended the day at BRL 3.913.
The surplus stood slightly over USD 30 billion in the first six months, the result of USD 114 billion in exports and USD 84 billion in imports.
A Brazilian Central Bank poll shows financial market players are expecting inflation this year to be higher than in the last week.
The United States currency was selling for BRL 3.877 by the end of the last business day of June. Much of the hike happened over the past three months.
Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
Federal, state and local governments ran a combined USD 2.1 billion deficit, which is much narrower than the BRL 30.7 billion deficit seen in May 2017.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a preliminary request for bids and the minutes of contracts for the 5th Pre-Salt Oil and Gas Production Sharing Tender Round, slated for September.
The North American currency slid 0.51% and the main index of the São Paulo Stock Exchange climbed 1.64%.
The Brazilian monetary authority believes the economy will see 1.6% growth in 2018, down from a prior 2.6% estimate.
