New Prospective Oil Reserves Expected to Boost Brazil's GDP -- Market Talk

Dow Jones06-09

1036 ET - Deepwater oil reserves estimated at 10 billion recoverable barrels may catapult Brazil into the world's top five producers, Oxford Economics' Felipe Camargo writes. State-controlled Petrobras has earmarked $2.5 billion for projects in the new frontier, Camargo says. Nine other companies were awarded 34 blocks along the northern coastline last year. The impact on Brazil's long-run GDP will likely range between 0.8% and 1.1% per year by 2050, Camargo says. "Although there's a risk that oil won't be found, the fact that the basin borders Guyana's successful Stabroek Block is encouraging," he says. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

June 09, 2026 10:36 ET (14:36 GMT)

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The impact on Brazil's long-run GDP will likely range between 0.8% and 1.1% per year by 2050, Camargo says. \"Although there's a risk that oil won't be found, the fact that the basin borders Guyana's successful Stabroek <a href=\"https://laohu8.com/S/XYZ\">Block</a> is encouraging,\" he says. 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State-controlled <a href=\"https://laohu8.com/S/PBR\">Petrobras</a> has earmarked $2.5 billion for projects in the new frontier, Camargo says. Nine other companies were awarded 34 blocks along the northern coastline last year. The impact on Brazil's long-run GDP will likely range between 0.8% and 1.1% per year by 2050, Camargo says. \"Although there's a risk that oil won't be found, the fact that the basin borders Guyana's successful Stabroek <a href=\"https://laohu8.com/S/XYZ\">Block</a> is encouraging,\" he says. (paulo.trevisani@wsj.com; @ptrevisani) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 09, 2026 10:36 ET (14:36 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EWZS","symbol_name":"MSCI巴西小盘股ETF-iShares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642495916","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642495916","pubTimestamp":1781015760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1036 ET - Deepwater oil reserves estimated at 10 billion recoverable barrels may catapult Brazil into the world's top five producers, Oxford Economics' Felipe Camargo writes. 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State-controlled Petrobras has earmarked $2.5 billion for projects in the new frontier, Camargo says. Nine other companies were awarded 34 blocks along the northern coastline last year. The impact on Brazil's long-run GDP will likely range between 0.8% and 1.1% per year by 2050, Camargo says. \"Although there's a risk that oil won't be found, the fact that the basin borders Guyana's successful Stabroek Block is encouraging,\" he says. (paulo.trevisani@wsj.com; @ptrevisani) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 09, 2026 10:36 ET (14:36 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642495916","isCrawlerRequest":true}