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April 12, 2021

Column: Fund managers sell petroleum as pandemic lingers- oil and gas 360

Column: Fund managers sell petroleum as pandemic lingers

April 12, 2021

Reuters LONDON – Hedge funds have cut their position in petroleum for the second time in three weeks in response to a resurgence of coronavirus infections and the likely postponement of a resumption to airlines’ international passenger flights. Money managers sold the equivalent of 35 million barrels in the six most important petroleum futures and options contracts in the week

At Brazil's Petrobras, a 'Spartan' military man takes the reins- oil and gas 360

At Brazil’s Petrobras, a ‘Spartan’ military man takes the reins

April 12, 2021

Reuters RIO DE JANEIRO – For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – and unwelcome. President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm is formally known, in a Facebook post in

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