Pemex and Petrobras to Team Up on Oil and Refining Projects

A flare at the Petroleo Brasileiro SA (Petrobras) Paulinia Replan Refinery in Paulinia, Sao Paulo state, Brazil, on Wednesday, March 4, 2026. Petrobras' fourth quarter results are expected to get a boost from production levels, which remained in line with the records seen in the third quarter, analysts say.