Petrobras Output Surges 1.9% in May

Reuters reported that Petrobras (NYSE:PBR) output in the month of May surged 1.9 percent to an average of 2.60 million barrels a day.

As quoted in the market news:

The Rio de Janeiro-based company’s Brazilian crude oil output rose 1.4 percent from April to an average 1.989 million barrels a day, the company said in an e-mailed statement. Petrobras accounts for more than 90 percent of Brazil’s output of crude oil and natural gas.

Click here to read the full Reuters report.