|Bid||14.53 x 4000|
|Ask||14.68 x 2900|
|Day's range||14.40 - 14.75|
|52-week range||7.86 - 15.31|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||3.52|
|Forward dividend & yield||2.93 (20.19%)|
|Ex-dividend date||22 Nov 2023|
|1y target est||16.35|
Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only seeks to participate as an observer, Brazilian President Luiz Inacio Lula da Silva said on Sunday. Lula's remarks to reporters at the U.N. COP28 climate summit in Dubai clarified his statements a day earlier that Brazil would "participate" in OPEC+. "Brazil should join OPEC+, it could be an observer," Lula said on Sunday.
(Bloomberg) -- Brazil’s state-controlled oil explorer is considering opening a Middle East unit as Latin America’s biggest crude producer prepares to join OPEC+’s cooperation charter.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Putin Seizes Rights to St. Petersburg Airport From Foreign InvestorsWoman Discovers Over $86 Million Mistakenly Deposited in Her Bank AccountOil’s Wild Ride Is Driven by a Disruptive Band of Bot TradersBanking Escapees Make Bi
Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the chief executive of state-run oil firm Petrobras told Reuters. The group's surprising announcement on Thursday that the South American nation would join it raised immediate questions on whether Brazil would take part in the production caps, as OPEC+ nations agreed to voluntary cuts approaching 2 million barrels per day (bpd) for early next year. "There is no quota," Jean Paul Prates said in an interview.