The executive of the Energy Research Office, José Mauro Ferreira Coelho, believes that the country will be among the five major exporters of the sector in 2026 due to the combination of production increase and lack of expansion in the oil refinery area.
Browsing: Economy
Demand for goods by the Brazilian industry sector increased 1.2% in April over March.
The country’s economy shrank in the quarter that ended in April but grew in the month over the same period of 2017.
Brazil’s foreign trade had USD 5.5 billion in exports and USD 3.6 billion in imports in July’s third week.
Financial institutions polled by the Brazilian Central Bank expect the Brazilian economy to grow 1.76% in 2018. Last week’s forecast called for a 1.94% forecast.
The two countries that played each other in the World Cup opener signed an oil and gas agreement in a meeting of ministers in Russia.
The Brazilian monetary authority said it will offer currency swap contracts starting next week to reduce volatility of the United States currency.
The United States currency closed at BRL 3.812 this Thursday, up 2.64% from the day before.
The Organization of the Petroleum Exporting Countries increased output in 35,000 barrels per day in May. Saudi Arabia alone increased its production in 85,500 barrels.
The Brazilian trade surplus is the result of USD 4.849 billion in exports and USD 3.935 billion in imports in the month’s first two weeks, which had only six business days.
From January to May, the country shows up at the 17th position in the rank of footwear importers from Brazil. But, in volume, exporters declined 16%.
The country produced 96,600 units in May. Exports increased 37% in the same month.
Throughput at government-managed ports in the country was up 3.2% in the first quarter, while privately-run terminals saw a 2.3% decline in cargo handled.
The International Air Transport Association, which represents 290 airlines in 120 countries, says governments must be cautious in handing airports over to private sector players.
