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Brazilian oil drama
Brazilian oil company Petrobras has recently been faced with a continuous stream of new CEOs. Senior Brazilian economy ministry official Caio Mario Paes de Andrade will be the next chief executive of state-run oil company Petrobras, the government said on Monday, replacing a predecessor who served less than two months in the job. The current…
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Finding Solitude in Oil?
The world is a crazy place right now. The US stock market is no different. The S&P 500 is down almost 9% YTD while the Nasdaq is down more than 14%. However, not all firms have suffered losses in value in 2022. The Energy Select Sector SPDR Fund (XLE) is up nearly 19% for the…