RIO DE JANEIRO, BRAZIL - Despite a potential agreement between the world's largest oil producers for a concerted cut in supply, the horizon is still one of decreasing demand this year due to the impact of the novel coronavirus, and analysts project a long period of declining prices.
In this scenario, Petrobras should be able to maintain its operations, but the company's resilience will be critical to long-term financial sustainability.
On Thursday April 2nd, US President Donald Trump said he spoke with Saudi crown prince Mohammed bin Salman and expects an agreement to cut production by 10 million . . .
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