The CEO of Petrobras stated that strong demand from China and India can offset the potential impact of U.S. tariffs

Reuters
2025.09.02 23:16
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The CEO of Petrobras, Magda Chambriard, stated that strong demand for its products from India and China can offset the potential impact of U.S. tariffs. She noted that if the U.S. imposes tariffs on Brazilian oil, the company can easily adjust its export direction, with India willing to be a buyer of its products

Reuters São Paulo, September 2 - Petrobras (PETR4.SA) CEO Magda Chambriard stated on Tuesday that demand for its products from India and China has remained strong, noting that these two countries could shield the company from potential tariffs imposed by the United States.

Chambriard said at an event hosted by Bloomberg in São Paulo that if U.S. President Trump imposes tariffs on Brazilian oil imports, the country can "easily adjust its export direction."

"India has indicated to Brazil and Petrobras that it can be a buyer of any products we wish to export," she said

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