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Petrobras Looks to Cut Costs as Commodity Prices Sink

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Brazilian state oil company Petrobras is preparing to "tighten its belt" as commodity prices sink and uncertainty clouds the economic outlook, with an eye toward reducing its costs, streamlining its developments and sharpening its focus on short-cycle cash flow generation.

Topics:
Earnings, Corporate Strategy, NOCs, Capital Spending, Offshore Oil and Gas, Deepwater, Exploration
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