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Fuel tanker trucks at a Brazilian refinery distribution terminalEnergy

Brazil extends 12% crude oil export tax to protect domestic fuel supply

Brazil has kept a 12% tax on crude oil exports in place until 31 December 2026, aiming to retain more feedstock for local refining amid global energy uncertainty. The measure adds a regulatory cost for oil producers with export exposure, including Petrobras.

Cargo vessel being loaded at a Brazilian portTrade

Brazil trade surplus beats forecasts as oil exports jump in October

Brazil recorded a US$9.318 billion trade surplus in October, helped by a sharp rise in crude oil shipments and stronger export prices. The result came in above market expectations and lifted the year to date surplus to US$71.040 billion.

Workers at a Brazilian construction siteMarket Insights

Brazil jobless rate hits third-quarter record low at 5.2%

Brazil’s unemployment rate fell to 5.2% in the third quarter of 2026, while the number of people in work reached a record 103.6 million. The data point to a resilient labor market, with implications for consumer demand, hiring costs, and formalization.

Exterior of Brazil’s Central Bank headquarters in BrasíliaFinance

Brazil Holds Selic at 13.75% as Inflation Risks Stall Rate Cuts

Brazil’s Central Bank left its benchmark interest rate unchanged after five cuts, citing higher uncertainty, currency volatility and inflation expectations above target. The decision keeps borrowing costs high for companies, consumers and investors watching Brazil’s next monetary move.

Offshore drilling vessel operating in deep waters off BrazilEnergy

Petrobras finds more oil at Amazon mouth frontier

Petrobras has reported a third discovery in the Morpho well off Amapá, strengthening its case for the Equatorial Margin as Brazil’s next major offshore province. The announcement comes alongside record third-quarter production for the state-controlled oil company.