Rio poised for pain on low oil price and Covid-19

Brazilian state has relied for years on income from oil royalties and could be heavily affected by economic crisis

Lighting the way: Rio de Janeiro's iconic Christ the Redeemer statue is lit up as if wearing a protective mask amid the Covid-19 pandemic — Lighting the way: Rio de Janeiro's iconic Christ the Redeemer statue is lit up as if wearing a protective mask amid the Covid-19 pandemicPhoto: AP/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Rio de Janeiro Lula Buzios

Published 14 May 2020, 06:35Updated 14 May 2020, 06:35