← Go back to All Blogs
  • entries
    2,081
  • comments
    39
  • views
    134,914

Hedge funds bet on Brazil oil and gas output surging 122%

Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019.

View the full article

Sign in to follow this  
Followers 0


1 Comment


Recommended Comments

I am so with the hedge funds on this one. Ignore the blah blah, though.

Brazil is exporting all the domestic oil it has got, while importing discounted Russian oil as a substitute to cover domestic demand. Free money, courtesy of the stupids in the so called "free world"

Russia is allegedly flooded with Brazilian beef that's 25% cheaper than domestically produced.

Also, don't think Brazil got much gas to share. They are normally a major net importer of LNG and nitro fertilizers, its most immediate derivative.

Share this comment


Link to comment
Guest
You are posting as a guest. If you have an account, please sign in.
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.