Petrobras wields axe to face 'worst oil industry crisis in 100 years'

Brazilian state-controlled player announces further cost reductions and production cuts

More cuts: Petrobras chief executive Roberto Castello Branco — More cuts: Petrobras chief executive Roberto Castello BrancoPhoto: REUTERS/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Financial Production Transpetro

Published 1 April 2020, 14:28Updated 1 April 2020, 14:28