Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (7) near the Bid: 649 vs 13500 OI; Earnings 5/13 Before Open [est] 

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (7) near the Bid: 649 @ $8.55 vs 13500 OI; Earnings 5/13 Before Open [est] Ref=$14.355

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (4) near the Bid: 1429 vs 13500 OI; Earnings 5/13 Before Open [est] 

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (4) near the Bid: 1429 @ $8.55 vs 13500 OI; Earnings 5/13 Before Open [est] Ref=$14.355

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (6) near the Bid: 1806 vs 13500 OI; Earnings 5/13 Before Open [est] 

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (6) near the Bid: 1806 @ $8.5 vs 13500 OI; Earnings 5/13 Before Open [est] Ref=$14.36

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (6) near the Ask: 2941 vs 13500 OI; Earnings 5/13 Before Open [est] 

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (6) near the Ask: 2941 @ $8.5 vs 13500 OI; Earnings 5/13 Before Open [est] Ref=$14.3625

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (3) near the Bid: 948 vs 13500 OI; Earnings 5/13 Before Open [est] 

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (3) near the Bid: 948 @ $8.45 vs 13500 OI; Earnings 5/13 Before Open [est] Ref=$14.365

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (3) near the Bid: 2413 vs 13500 OI; Earnings 5/13 Before Open [est] 

Petrobras Brasileiro Option Alert: Jan 16 $22 Puts Sweep (3) near the Bid: 2413 @ $8.4 vs 13500 OI; Earnings 5/13 Before Open [est] Ref=$14.38

Petrobras Brasileiro (NYSE:PBR) Bolsa

Petrobras Brasileiro

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2024 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

PolkaBridge

PT BARIO RNWBLE EGY U/ADR by PT BARITO RENEWABLES ENERGY TBK

WIIM

EQNR

FANG

SHEL

Shares of energy stocks are trading lower as oil prices fall after OPEC+ producers accelerated output hikes. Additionally, President Trump's recent tariff announcements and China's retaliatory tariffs on the US have driven further demand uncertainty.

ACDC

CGBS

CIVI

Shares of energy companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Expected gross revenues at $2.0 billion TEN to become one of the largest independent Shuttle tanker operators
ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEN#NYSE">TEN</a>) (the "Company") announces the construction of nine DP2 Suezmax Shuttle Tankers with 15-year employment contracts for Petrobras Transporte S.A. ("Transpetro"), Brazil's largest oil and gas transportation company. The deliveries are scheduled for 2027 and 2028 and TEN intends to build the vessels at Samsung Heavy Industries Co. Ltd. in South Korea, the yard that the Company is currently using for the construction of three DP2 Shuttle Tankers, all on long-term contracts to major oil companies, with deliveries in 2025 and 2026.
The charter will be in the form of a bareboat and the charterer will assume all operating and technical costs associated with the running of the vessels during the assigned employment period. With a proforma fleet of 16 DP2 Suezmax Shuttle tankers, TEN is now one of the world's largest Shuttle tanker owners. Gross revenues from this project are expected to be around $2.0 billion.

TEN Announces Construction Of Nine Suezmax Shuttle Tankers With Expected Gross Revenues Of $2B, 15-Year Petrobras Contracts; TEN Becomes Largest Independent Shuttle Tanker Operator; Deliveries In 2027-2028

<ul>
<li>Next-generation flexible pipes to offer 30-year service life in high CO2 environment</li>
</ul>
HOUSTON and LONDON –&nbsp;March 18, 2025&nbsp;– Baker Hughes, an energy technology company, announced Tuesday a joint technology development&nbsp;program with Petrobras to provide a definitive solution for stress corrosion cracking due to CO2 (SCC-CO2) in flexible pipe systems.&nbsp;
The pre-commercial agreement encompasses development and testing, as well as a purchase option of the resulting next-generation flexible pipes, which will have an extended service life of 30 years in high-CO2 environments. The collaborative effort between Baker Hughes and Petrobras will be primarily executed at Baker Hughes' Rio de Janeiro Energy Technology Innovation Center and nearby flexible pipe systems manufacturing plant.

News

Contracts

Baker Hughes Awarded First Technology Agreement With Petrobras To Develop Definitive Solution For Pipeline Corrosion

CLMT

CSAN

GEVO

GPRE

MPLX

NCSM

NEHC

OPAL

TRGP

Shares of oil and gas companies are trading higher amid weakness in the dollar after the US launched strikes on Houthi targets. Additionally, strong Chinese economic data could be lifting the demand outlook.

CTRA

HNRG

LTBR

Shares of energy stocks are trading higher amid strength in oil and natural gas prices.

Asset Sales

Brazil's Petrobras Says It Scrapped Project To Sell Stake In Petrobras Colombia Combustibles

Petrobras CEO Says Buzios Field Expected To Produce 2M Barrels/day By 2030 With New FPSOS Coming Online; Petrobras' CapEx In Q1 Of 2025 Will Not Be At The Level Of Q4 Of 2024; Says Petrobras Understands Investors' Frustration With Dividends, But Chose To Push Forward Investments To 2024

Brazil's Petrobras CEO Chambriard Says Cash Flow Is Doing Good And Net Loss In Q4 Has No Effect On It

Petroleo Brasileiro shares are trading lower. The company reported Q4 financial results.

Earnings

Petrobras Brasileiro Q4 EPS $(0.44), Sales $20.82B

AAOI

ABEV

ACAD

ACMR

ADTN

ALEC

AMBA

AMBC

AMSF

ARDT

ARHS

ARIS

ARKO

ASTE

ATEC

AVDX

AVNS

BATRA

BATRK

BBSI

BLMN

BXSL

BYND

CAPL

CDNA

CERT

CLDT

CLPT

COCO

COMM

CORT

Core Scientific, Inc. - Class A Common Stock

CORZ

CPRX

CRGY

CTRI

DHIL

DMRC

DOLE

DORM

EBAY

ECPG

EHTH

ENIC

ENOV

ERII

ESCA

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EVTC

FTAI

FWRD

GERN

GOGL

GSX Techedu Inc. American Depositary Shares

GOTU

GRBK

HCAT

HNST

IBTA

IMCR

Earnings Scheduled For February 26, 2025

Options

Markets

Petrobras Brasileiro Option Alert: Jun 20 $14 Calls at the Ask: 5500 @ $1.08 vs 16690 OI; Earnings 2/26 After Close Ref=$14.515

MTDR

Shares of several oil companies are trading higher following a drone attack on a Russian pipeline which could reduce supply.

Brazil's Petrobras Director Franca Says Expects To Raise Its S-10 Diesel Production By 120,000 Barrels Per Day This Year

Petrobras To Raise Jet Fuel By 8% As Of Feb 1

Halliburton Wins Offshore Drilling Contracts With Petrobras; Co To Provide iCruise System And EarthStar

The International Energy Agency has revised its <a target="_blank" href="https://www.benzinga.com/topic/oil" rel="noreferrer noopener">global oil demand</a> outlook slightly for 2025, projecting growth of 1.05 million barrels per day, down from <a target="_blank" href="https://www.iea.org/reports/oil-market-report-december-2024" rel="noreferrer noopener">the previously estimated</a> 1.1 million barrels daily.
The new forecast anticipates global demand will average 104 million barrels daily, reflecting a combination of improving economic conditions and <a target="_blank" href="https://www.iea.org/reports/oil-market-report-january-2025" rel="noreferrer noopener">lower fuel prices</a>.
In the fourth quarter of 2024, oil demand rebounded strongly, increasing by 1.5 million barrels daily—the highest growth since late 2023.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42980720/microsoft-taps-meta-veteran-to-lead-new-coreai-division-plans-shift-from-openai-dependence" rel="noreferrer noopener">Microsoft Launches CoreAI Division: Ex-Meta Exec To Supercharge Copilot And AI Innovations</a>
The IEA attributed this surge to reduced fuel prices, colder weather in northern regions, and heightened petrochemical activity in the U.S. However, while 2025 demand growth will likely surpass 2024, it will fall short of the over 2 million barrels per day increase seen in 2023.
OPEC projects a higher demand growth of <a target="_blank" href="https://momr.opec.org/pdf-download/" rel="noreferrer noopener">1.45 million barrels daily</a>.
<a target="_blank" href="https://www.benzinga.com/markets/commodities/24/11/41899890/opec-cuts-2024-oil-demand-forecast-for-fourth-straight-month-amid-chinas-economic-slowdown" rel="noreferrer noopener">Disappointing data from</a> major Asian markets, including China, India, and African countries, prompted OPEC to revise its oil demand growth forecasts for 2024 several times.
Still, OPEC&#8217;s estimates looked more optimistic than those of Wall Street banks and Saudi Aramco.
China saw a significant uptick in oil demand in November, driven by rising gasoil consumption and falling diesel prices, which hit their lowest in nearly three years.
The IEA highlighted that signs of stabilization in China&#8217;s property market could support further recovery in oil demand. Projections suggest China will add 220,000 barrels per day to its oil consumption in 2025, compared to a 180,000-barrel daily increase in 2024, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/energy-oil/iea-trims-oil-demand-outlook-but-still-expects-stronger-growth-this-year-a972c71b?mod=business_lead_pos4" rel="noreferrer noopener">reports</a>.
Recent U.S. sanctions targeting Russia&#8217;s energy sector and shipping networks and measures aimed at Iran&#8217;s shadow fleet could disrupt global oil supplies. These actions may compel major buyers like China and India to seek alternative sources.
Meanwhile, Brent crude prices hover around $80 per barrel, and U.S. West Texas Intermediate trades near $77 per barrel, reflecting market concerns over tightened supply, the WSJ reports.
Despite geopolitical pressures, global oil supply rose modestly in December 2024, supported by increased production in Nigeria and Libya. For 2025, the IEA forecasts supply growth of 1.8 million barrels daily, led by non-OPEC+ countries such as the U.S., Brazil, and Canada. However, the agency cautioned that sanctions or weather-related disruptions could rapidly draw down existing oil stocks.
Notable oil stocks include Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Shell Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), Petroleo Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) and BP Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>).
Investors can gain exposure to the crude oil market through the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) and ProShares Ultra Bloomberg Crude Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>).
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/42974632/us-listed-chinese-stocks-rally-on-strong-trade-data-central-bank-support-goldman-forecasts-20-growth" target="_blank" rel="noreferrer noopener">US Listed Chinese Stocks Rally on Strong Trade Data, Central Bank Support, Goldman Forecasts 20% Growth</a></li>
</ul>
Photo by William Potter on Shutterstock

Guidance

Commodities

Trading Ideas

OPEC's Optimism Clashes With IEA's Conservative 2025 Oil Growth Projections

Shares of oil-related companies are trading higher amid new U.S. sanctions towards Russia's energy supply chain.

STNG

VIST

Shares of oil and gas companies are trading higher after President-elect Donald Trump said that he will reverse President Biden's ban on offshore drilling. Also, natural gas rose on cold weather forecasts.

Press Releases

SLB Awarded Three Completion Contracts for Petrobras' Buzios Field

SLB OneSubsea awarded major contract by Petrobras for two ultra-deepwater projects offshore Brazil

PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

Offerings

PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS

SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil

Chevron

Ecopetrol S.A. American Depositary Shares

Ecopetrol

Equinor

Occidental Petroleum Corporation Common Stock

Occidental Petroleum

Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares)

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:22 AMMar 31, 2025	PUT	$22.00	Jan 16, 2026	284	13500	649	100	13500	SWEEP	BULLISH
10:22 AMMar 31, 2025	PUT	$22.00	Jan 16, 2026	284	12851	1429	95	13500	SWEEP	BULLISH
10:22 AMMar 31, 2025	PUT	$22.00	Jan 16, 2026	284	10837	1806	80	13500	SWEEP	BULLISH
10:20 AMMar 31, 2025	PUT	$22.00	Jan 16, 2026	284	9031	2941	67	13500	SWEEP	BEARISH
10:15 AMMar 31, 2025	PUT	$22.00	Jan 16, 2026	284	6090	948	45	13500	SWEEP	BULLISH
10:12 AMMar 31, 2025	PUT	$22.00	Jan 16, 2026	284	2729	2413	20	13500	SWEEP	BULLISH

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