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    market news

    Petrobras Hikes 10-yr Oil Output Target

    Investing News Network
    Jun. 03, 2011 05:21PM PST
    Oil and Gas Investing

    Reuters reports that on Friday, Petrobras (SAO:PETR3) announced that the company will produce more than any at 6 million barrels of oil equivalent a day in 2020.

    Reuters reports that on Friday, Petrobras (SAO:PETR3) announced that the company will produce more than any at 6 million barrels of oil equivalent a day in 2020.

    The market news is quoted as saying:

    The previous global estimate, announced in 2010, was 5.4 million barrels.

    Click here to access the entire news

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