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Commodity Headlines

Bolsonaro to Push Forward Giant Brazil Oil Sale, Adviser Says

November 8, 2018 12:17 PM


Jair Bolsonaro’s energy team is keen to push for the sale of prized Brazilian crude deposits in an auction that could give Big Oil access to more black gold than all of Mexico’s proved reserves.

The plan would be to take bids in mid-2019 to help raise billions of dollars needed to reduce the South American country’s ballooning budget deficit, said …