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2015-11-05 19:10:00

PETROBRAS STRIKE & SLASH 30%

PETROBRAS STRIKE & SLASH 30%

An open-ended strike called by Petrobras workers on Sunday has sunk the company's production by over 10 percent.

Petrobras reported that its production on Monday dropped by 273,000 barrels of oil, or 13 percent of the company's daily production in Brazil.

In addition, 7.3 million cubic meters of natural gas supply was stopped, equivalent to 14 percent of the gas offered daily to the Brazilian market.

The company estimated that its oil production in Brazil fell 8.5 percent by the end of Tuesday and 13 percent of its daily gas production was not…

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