Petrobras (PBR) refineries expected to operate at about 95% of capacity in 2026 (prev. 92% in 2025)

Petrobras is projecting its refineries will operate at an increased capacity of approximately 95% in 2026, up from 92% in 2025.

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Petrobras (PBR) refineries expected to operate at about 95% of capacity in 2026 (prev. 92% in 2025)

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Context

This upward revision indicates stronger anticipated demand or improved operational efficiency, which could positively influence crude oil supply dynamics and pricing. Such capacity enhancements may also impact broader energy market sentiment, particularly regarding Brazilian oil's competitiveness.

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