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
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis