On the latest trading session, Petrobras underperformed the broader market as major U.S. and global energy benchmarks advanced. Trading volume in Petrobras shares rose by 12% compared with the 30-day average, signaling heavier participation despite the pullback. Analysts attributed the decline to profit-taking following a recent rally driven by stronger refining margins and higher international oil benchmarks. Institutional investors modestly reduced their exposure, with data showing a net outflow equivalent to 0.4% of the float. Technical indicators suggest a potential support zone near recent lows, while momentum oscillators have turned neutral after registering overbought readings last week.

Petrobras achieved first oil from the P-78 floating production, storage and offloading vessel in the Buzios field, marking a key milestone in its offshore expansion strategy. The FPSO will contribute up to 180,000 barrels per day of additional capacity, increasing the company’s total production potential in the pre-salt region to nearly 3 million barrels per day. The vessel, chartered under a 20-year agreement and built at a local shipyard, began ramp-up operations this month and is expected to reach plateau production by the end of Q2. This project will strengthen Brazil’s position as a leading deepwater producer and support Petrobras’s target of boosting liquids output by 10% over the next two years.