Brazil Weekly

Latin America’s oil industry during Covid-19

This week, we give you an overview of the oil industry in Latin America. Bolsonaro’s Church v. State dilemma. And Brazilians’ increasing access to banks.

The state of the Latin American oil industry during Covid-19  

Back in March, Petrobras CEO Roberto Castello Branco said the coronavirus pandemic could spark “the worst oil crisis in a century.” Indeed, 2020 has proven to be a truly dreadful year for the industry, with Brent spot prices crashing from USD 67 back in January to just USD 39 today. Oil-rich Gulf nations have been forced to slash spending and borrow money, in a risky...

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