Petrobras Overturns Production As Fuel Demand Surpasses Expectations

Petrobras has reversed production cuts due to the higher-than-expected demand for fuels.
It has increase production to 2.26 million bpd.
It also increased utilization rates at its refineries to 79% after cutting them to 60%.
Petrobras is confident in demand for its production mix even as rival oil majors scale back.
First-quarter production of the bunker and other fuel oils by Petrobras rose by 18.5%.
Much of the oil produced by Petrobras is naturally low in sulfur.
Petrobras produced 2.909...