Brazil President Ousts Petrobras CEO ...Middle East

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Brazil President Ousts Petrobras CEO
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The President of Brazil, Jair Bolsonaro, ousted Petrobras chief executive Roberto Castello Blanco, replacing him with former Defense Minister Joaquim Silva e Luna. The move follows a spat between Bolsonaro and Castello Blanco regarding diesel prices. Petrobras and its chief executive specifically have been calling for diesel and gasoline price hikes to reflect the oil price situation on international markets. However, price hikes like that tend to spark protests, which is why Bolsonaro instituted a two-month cut in diesel price taxes starting March…

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