Petrobras begins serach for fuel distribution unit partner

SAO PAULO (Reuters) – State-controlled oil producer Petróleo Brasileiro SA has begun a search for a strategic partner for fuel distribution unit BR Distribuidora, which in recent weeks scrapped an initial public offering plan in light of deteriorating market conditions. Full Story:

Petrobras Cuts Capital Spending for 2015 & 2016

Petrobras overwhelmed with debt and negative changes in the Brazilian economy, so it cuts capital spending by over 10%. Full Story: via WordPress for Phone app.