Brazil watches the polls
The South American country will choose a new president in 2018, with major ramifications for the oil industry
Presidential politics will top the agenda for energy investors in Brazil in 2018. After one of the most tumultuous periods in the country's history, marked by an economic crisis and an epic corruption scandal that forced a president from office and saw dozens of politicians and business executives jailed, weary Brazilians will elect a new president in October. A raft of market-friendly energy reforms pushed through by president Michel Temer are at stake. The pre-salt, one of the global oil industry's major prizes, has been opened to international oil company control for the first time. Stiff local-content rules, blamed for helping to drive delays and lift costs on deep-water projects, have b
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
