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The share price of this company, headquartered in Calgary, Alberta—a major oil hub—fell by 4%. Most of the company’s shares are held by the American oil and gas giant ExxonMobil. Geopolitical tensions in the Middle East have tightened global oil supplies and driven up fuel prices, but these gains have not been sufficient to offset weak realized prices and declining sales in the downstream business. Expand

LME aluminum futures closed up by $48 at $3,522/ton. LME zinc futures closed down by $16 at $3,344/ton. LME lead futures closed down by $6 at $1,949/ton. LME nickel futures closed down by $103 at $19,365/ton. LME tin futures closed up by $209 at $49,423/ton.

In the first quarter of this year, around 62% of the exported crude oil from this state-owned oil company was shipped to China. During January to March, Petrobras exported an average of approximately 1.12 million barrels of oil and derivatives per day, marking a 47% increase compared to the same period last year. India became Petrobras' second-largest destination, receiving about 15% of the total exports, up from 14% in the same period last year. Petrobras stated in its securities filing: “India is currently the world’s second-largest importer of seaborne oil, and has solidified its position as a strategic market.” Expand