Petrobras

Petrobras is setting records for CO2 injection from its pre-salt oil production offshore, but is the Brazilian state-controlled company just rebranding old-fashioned field re-injection to keep the oil flowing?

Brazil’s president-elect Luiz Inácio Lula da Silva wants to reassert some form of state control over motor fuel prices and steer state-run Petrobras back into refining, but analysts say he will have limited political and economic scope for major near-term fossil fuels policy changes.