Brazil

What influence on the world oil market can have the rise of the extreme right-wing policy in Brazil?

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So far, Brazilian energy stocks have been rising, but the same happened just before the Trump presidency. 

I think that if Brazilian companies continue to show the world some debt discipline and solid investments in pre-salt fields, production will probably rise under Bolsonaro (at least for the first couple of years).

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Bolsonaro wants to privatize the public companies.. but perhaps not Petrobras or Electrobras because this former military  considers the energy companies as strategic assets that should remain under State control.

We can expect him to align with Trump foreign policy adopting an anti-Iran, anti-Venezuela and pro-Israel stance.

But the impact on world oil will remain limited.

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