Petrobras Reigns In Spending, ProductionMark Melin
Petrobras released its much anticipated five year business plan and it shows significant cuts in capital expenditures and a dramatic reduction in oil production.
Petrobras: cutting capital spending by more than one third as oil production expected to lag
The Brazilian state-run oil concern released its budget today and it paints a picture of an organization in distress taking emergency action to stem red ink and shore up its balance sheet. As a fraud . . .
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