Oil Investors Are Skeptical Of Brazil’s New President ...Middle East

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Oil Investors Are Skeptical Of Brazil’s New President
source : OILPRICE ( Middle East ) () 21
Former president and leftist candidate Luis Inacio Lula da Silva emerged victorious from Brazil’s hotly contested October 2022 presidential election. Populist hard-right president Jair Bolsonaro’s tenure as the leader of Latin America’s largest democracy and oil producer, which was mired in controversy, ended after a single term. The return of Lula and his leftist Workers Party, known by its initials in Portuguese as PT, potentially ushers in another era of increased state involvement in Brazil’s oil industry and exploitation…

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