A week ago, Brazil’s state-controlled oil giant Petrobras announced it was raising diesel prices two months after a massive 24.9-percent hike that led to the downfall of its former chief executive officer. Two days later, President Jair Bolsonaro appointed a new Mines and Energy Minister. Now, Mr. Bolsonaro is saying that Petrobras’s new CEO, José Mauro Coelho, could be on his way out, too.
After just over a month in office, Mr. Coelho has lost his main supporter within the government — former head of Mines and Energy, Bento Albuquerque — and is now in the crosshairs of...
