Bloomberg
Petrobras Pumps at Record as Iran War Upends Oil Markets
Wednesday, October 28, 2026
Petrobras increased oil production to record levels and operated refineries at near-full capacity in the third quarter of 2026. The increases occurred as global oil markets experienced disruptions related to conflict in Iran. Brazil's state-controlled oil company said the production gains helped meet domestic and export demand during the period.
Original reporting: