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: https://au.news.yahoo.com/world/a/29816876/petrobras-begins-search-for-partner-in-fuel-distribution-unit/

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: http://en.mercopress.com/2015/10/06/debt-overwhelmed-petrobras-cuts-further-capital-spending-plans-for-this-year-and-2016 via WordPress for Phone app.