Petrobras Sees ‘Great Wave’ of $100-Oil Never Coming BackBy and
Deepwater producer focusing on cost cuts to weather price rout
`If it gets to $70, we’ll be happy,' executive manager says
It’s unlikely that oil prices will ever return to $100 a barrel and Petroleo Brasileiro SA needs to work with suppliers to manage the price rout, an executive at the state-run oil producer said Tuesday.
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