Key facts: Petroleo Brasileiro to Increase Oil Output; Strike Suspended
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Petroleo Brasileiro SA (PETR3) is set to boost Latin America's oil output, with production anticipated at 5.5 million barrels daily, mainly from its pre-salt offshore projects.1The Brazilian union Sindipetro-NF accepted a counteroffer from Petroleo Brasileiro SA (PETR3), suspending a strike that had started earlier this month, following successful negotiations.2
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