Brazil's Petrobras CEO Predicts Oil Price Decline by Year-End

The CEO of Brazil's state-controlled oil company, Petrobras, has forecasted a decrease in oil prices by the end of the year. According to Jin10, the executive highlighted various factors contributing to this anticipated decline, including global market dynamics and potential shifts in supply and demand. The prediction comes amid ongoing discussions about energy prices and their impact on the global economy. The CEO's statement reflects a cautious outlook on the oil market, suggesting that current trends may lead to a reduction in prices in the coming months.