Geopolitical issues

The Petroleum Market Report IEA (International Energy Agency) indicates that the attacks on oil pumping stations and also tankers in the UAE have provoked an uncomfortable sensation and uncertainty to the world market, a fact that contributes to the price of the Brent barrel being kept between US $70 and US $75.

The report also highlights that thanks to investment policy and production in the pre-salt areas, Brazil’s oil demand in March was 80000 barrels per day. Regardless of geopolitical issues, what is expected is that the oil industry will grow again and thus contribute to the socioeconomic development of Brazil and its people.

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