Former President Lula is ahead in the polls
Letter from South America: Elections could impact Petrobras policy
The upcoming election pits the right-wing incumbent against a left-wing former president
Brazil will hold presidential elections in October and the left-leaning “pink tide” that has re-emerged on the continent in the last several years seems poised to wash up on Brazilian shores once again. Almost all polls show former president Luiz Inacio Lula da Silva with a commanding lead, in front of the incumbent president Jair Bolsonaro. Although pollsters have been wrong in the past—perhaps most notably with Trump vs Clinton in the US elections in 2016—this time it seems clear that the Brazil voters are willing to give Lula and his PT party another shot at the Planalto Palace. What this will mean for the energy sector in Brazil is still somewhat unclear. Petrobras under Bolsonaro has be
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
