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EnergyReportedLow
2.1

ExxonMobil, TotalEnergies win Brazil pre-salt oil auction; partial uptake

ExxonMobil and TotalEnergies won cargoes in Brazil's 9th spot oil auction, but only 2 of 5 million barrels offered were sold, indicating tepid demand. Untraded cargoes will be reoffered on October 7. The partial uptake suggests softer market conditions or pricing concerns for Brazilian pre-salt crude.

Valor Econômicoabout 21 hours agoBRCredibility 41%View source

Score Breakdown

Mosaic Score2.1
Model confidence0.9
Significance0.1
Source credibility0.4

Intelligence Tags

#oil#brazil#pre-salt#auction#exxonmobil#totalenergies

Locations

Búzios FieldBacalhau FieldSantos Basin

Entities

country
Source

Related signals

8 found