Breakingviews on Twitter
Search League Tables

Thursday, 23 October 2014

Brazil's pushy oil nationalism five years late

Oil ours

Costs, poor terms and state meddling persuaded the likes of Exxon to avoid the auction for the country’s largest field. Brasilia may have gotten away with it before the jump in global reserves from the shale revolution. Now playing hardball may mean lower output – and less lucre.



This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)