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Incoming Petrobras CEO tells committee he has no gov't guidance on pricing policy

SAO PAULO (Reuters) - The incoming chief executive of Brazil's state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on...
Incoming Petrobras CEO tells committee he has no gov't guidance on pricing policy © Reuters. FILE PHOTO: Gasoline prices are displayed at a Petrobras gas station in Rio de Janeiro, Brazil April 8, 2022. REUTERS/Ricardo Moraes/File Photo

SAO PAULO (Reuters) - The incoming chief executive of Brazil's state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday.

Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run Petrobras, was approved by the eligibility committee on Friday, a key step for him to take the reins of the company.

The minutes of the meeting, published by Petrobras on Saturday, showed the committee had asked Andrade about the company's pricing policy, a topic that helped bring down three CEOs during Bolsonaro's tenure as price hikes created tensions with the far-right leader.

"I have no specific or general guidance from the controlling shareholder or any other shareholder in the sense of changing the company's pricing policy," Andrade said.

He is on the verge of taking over as CEO a month after he was named by Bolsonaro, awaiting a board vote on June 27.

The committee minutes also showed Andrade's approval was not unanimous as the head of the four-person committee, Francisco Petros, voted against his nomination.

"A quick assessment of the problems in which the company is immersed shows that a candidate with experience in managing large companies and/or public bodies was very necessary," Petros said, adding that Andrade does not have the necessary skills.

Andrade, who holds a master's degree in administration from Duke University, previously advised Economy Minister Paulo Guedes on digital governance.

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29-03-2024 22:37:50 (UTC+7)

EUR/USD

1.0790

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

EUR/USD

1.0790

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

GBP/USD

1.2637

+0.0015 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

USD/JPY

151.23

-0.14 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.6526

+0.0011 (+0.17%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

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USD/CAD

1.3537

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

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Indicators:

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EUR/JPY

163.15

-0.10 (-0.06%)

Summary

↑ Sell

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EUR/CHF

0.9731

+0.0004 (+0.04%)

Summary

Neutral

Moving Avg:

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Gold Futures

2,254.80

42.10 (1.90%)

Summary

Buy

Moving Avg:

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Silver Futures

25.100

+0.002 (+0.01%)

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Copper Futures

4.0115

-0.0003 (-0.01%)

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

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Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

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Natural Gas Futures

1.752

+0.034 (+1.98%)

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US Coffee C Futures

188.53

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Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

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S&P 500

5,254.35

+5.86 (+0.11%)

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DAX

18,504.51

+27.42 (+0.15%)

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FTSE 100

7,952.62

+20.64 (+0.26%)

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Hang Seng

16,541.42

0.00 (0.00%)

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Neutral

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US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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Neutral

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IBEX 35

11,074.60

-36.70 (-0.33%)

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Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

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Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

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Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

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Adidas AG

207.00

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Deutsche Lufthansa AG

7.281

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Siemens AG Class N

176.96

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14.582

-0.030 (-0.21%)

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 EUR/USD1.0790↑ Sell
 GBP/USD1.2637↑ Sell
 USD/JPY151.23↑ Sell
 AUD/USD0.6526Neutral
 USD/CAD1.3537Neutral
 EUR/JPY163.15↑ Sell
 EUR/CHF0.9731Neutral
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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SJC Eximbank7,910/ 8,080
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SJC HCM7,900/ 8,100
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Cập nhật 29-03-2024 22:37:52
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
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Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 18:53:13 29/03/2024
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