Royalty collection fall 30% after ANP review

The average price of oil, used to collect from the Union, is already 30% lower. This price is used for the calculation of royalties this year. The review was made by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The amount goes from the estimated R$ 27 billion in 2020 to R$ 19.5 billion. However, with an optimistic outlook, the ANP cuts the average price to $60 a barrel in March to $43.30 a barrel in April. However, values are far from reality. Today, Brent oil, which serves as a benchmark for Petrobras negotiations, is trading at just over $30 a barrel, after weeks of touching the $25 house.

Thus, the change in the price of goods is in the hands of an agreement between the Petroleum Exporting Countries (OPEC), Russia and the United States. Everyone can cut off part of the production to suit the new global demand, which gets smaller every day than the measure that includes a cost of social isolation without fighting the pandemic.


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