Petrobras slashes output and chops capex amid Covid-19 and oil price crunch

Covid cuts: Petrobras chief executive Roberto Castello Branco has been forced to wield the axe on the company's investment plan again due to plummetting demand and the devastating Covid-19 virus — Covid cuts: Petrobras chief executive Roberto Castello Branco has been forced to wield the axe on the company's investment plan again due to plummetting demand and the devastating Covid-19 virusPhoto: REUTERS/SCANPIX

Gareth Chetwynd

London

Petrobras World Health Organisation covid-19 Coronavirus

Published 26 March 2020, 12:53Updated 27 March 2020, 20:47