Lula Calls Cabinet Meeting on Sunday to Discuss Petrobras

Brazilian President Luiz Inacio Lula da Silva has called an emergency meeting with ministers from his cabinet to discuss the future of state-controlled oil company Petroleo Brasileiro SA.

Finance Minister Fernando Haddad is among the officials invited, said a person with knowledge of the matter who did not want to be identified as discussions are not public. The meeting is scheduled for Sunday night in the country’s capital Brasilia, amid increased speculation over whether Chief Executive Officer Jean Paul Prates will remain at the helm of the company.