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Petrobras expected to post Q4 profit on higher oil prices, lower writedowns
Published Tue, Mar 21, 2017 · 09:50 PM
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Sao Paulo
PETROLEO Brasileiro SA, Brazil's state-controlled oil company, is likely to return to a profit in the fourth quarter, reflecting the impact of higher average oil prices, lower asset writedowns and cost-cutting, analysts said on Monday.
Rio de Janeiro-based Petrobras probably earne…
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