Brazilian oil company Petroleo Brasileiro SA on Thursday trimmed its oil and gas production outlook for next year, weighing on its shares despite more ambitious long-term output forecasts in its new five-year strategic plan. Petrobras, as the state-run firm is known, aims to produce 2.2 million barrels of oil per day (bopd) next year, below a prior forecast of more than 2.3 million bopd provided last December. Preferred shares of Petrobras slid around 1% in early trading on the Sao Paulo stock exchange. …read more
Source:: Yahoo Finance
