The olive oil expo will be held on July 10 and 11 at Palácio de Exposições do Anhembi, in São Paulo. Registrations are open. The lecture organized by the Arab Chamber is scheduled for July 11, at 1:30 pm.
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The forecast is from OECD-FAO. However, the report points out to a weakening in the growth of global demand and a decline in real prices.
Last month saw 3.311 million barrels of oil equivalent per day produced in Brazil, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) reported.
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.
Officials from both countries convened on Monday and expressed willingness to step up cooperation.
The Brazilian federal government will partner up with companies Vale and MRS Logística to build strategic railways across the country.
The third edition of the United Nations SDG Business Forum will take place on July 17 at the UN headquarters in New York. This will be the Chamber’s first time at the event.
Officials from both countries met this weekend and reiterated their commitment with bilateral cooperation.
International sales of the product were down 12.4% year-on-year in May, the International Coffee Organization reported.
The Arab country’s economy posted a sharper growth last year than in 2016 and should grow even more in 2018. Increasing exports helped boost the performance.
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.
