Petrobras downgrades production target

Brazil's state-owned oil company Petrobras increased production by 3.8 percent from the first to the second quarter but still makes a downward adjustment of its expectations for the remaining year.
Photo: UESLEI MARCELINO/REUTERS / X02828
Photo: UESLEI MARCELINO/REUTERS / X02828

Brazilian state-owned oil, gas and LNG company increased its production in the second quarter of 2019. From April to June, the company produced corresponding to 2.6 million barrels of oil equivalent per day (boepd).

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