Brazil's Diesel Cliff Has An Expiry Date: Goldman Says Petrobras Needs A ~50% Hike... Right After The Election
Freight on a barrel of crude went from $3 to over $20 in a year. Brazilians haven't noticed yet, because Brasília and Petrobras have been eating the difference. Goldman says the catch-up when the importer subsidy expires is roughly 50%...
























