Energy

Petrobras Holders to Elect Board After War Upends Oil Market

Oil storage tanks at a Petrobras refinery in Paulinia, Sao Paulo state, Brazil. — Oil storage tanks at a Petrobras refinery in Paulinia, Sao Paulo state, Brazil.
Photographer: Maira Erlich/Bloomberg

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By Mariana Durao

April 16, 2026 at 12:00 PM UTC

Updated on

April 16, 2026 at 1:51 PM UTC

Leia em português.

Petroleo Brasileiro SA investors will elect a new board of directors Thursday as the state-controlled oil giant faces mounting pressure to contain surging prices from the Iran war.