Union Strike the Latest Problem for Petrobras as Production Wanes
November 4, 2015
Estimates: Anywhere from 13% to 25% of Oil Production Loss The slew of problems with Brazil’s Petrobras (ticker: PBR) have been well-documented over the past several months. A widespread corruption scandal has outed high-ranking PBR executives and even government officials, leading to free-falling approval ratings for President (and former Petrobras Chairman) Dilma Rousseff. The company’s debt has ballooned past $120
