Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Russia Signals Further Restrictions on Telegram Amid Ongoing Regulatory Disputes 
Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand 
Ancora Holdings Builds $200M Stake in Warner Bros Discovery, Targets Netflix Asset Sale Plan 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Macquarie Group Shares Jump as Third-Quarter Trading Conditions Improve Across Key Units 
Lyft Shares Slide After Weak Q1 Profit Forecast and Surprise 2025 Operating Loss 
Alphabet Plans Rare 100-Year Sterling Bond to Fund AI Expansion 
Moderna Stock Drops After FDA Declines Review of mRNA Flu Vaccine 
Salesforce Workforce Reduction Affects Fewer Than 1,000 Roles Amid Ongoing Restructuring 
Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year 
Canadian Airlines Suspend Cuba Flights Amid Jet Fuel Shortage and U.S. Sanctions 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
FDA Rejects Review of Moderna’s Flu Vaccine Application, Shares Slide 
Brazil’s state-run oil company Petrobras reported record-breaking oil and derivatives exports of 1.2 million barrels per day (bpd) in the fourth quarter, marking a sharp increase of nearly 79% compared with the same period a year earlier. The surge highlights Petrobras’ growing production capacity and its expanding footprint in global energy markets.
The strong export performance was driven largely by a significant rise in domestic oil production. Petrobras said crude output in Brazil climbed about 20% year-on-year to 2.5 million bpd during the quarter, giving the company greater flexibility to ship more barrels overseas. The firm had previously noted that its overall production in 2025 exceeded its official guidance, underscoring sustained operational momentum.
In addition to higher production, Petrobras attributed the export growth to ongoing efforts to diversify its customer base. The Brazilian oil major recently renewed agreements to supply millions of barrels of crude oil to Indian refiners, strengthening its presence in one of the world’s fastest-growing energy markets. As a result, India accounted for roughly 12% of Petrobras’ oil exports in the fourth quarter, up from 7% a year earlier.
China remained Petrobras’ largest export destination, receiving approximately 52% of total oil exports during the period. This represented an increase of 22 percentage points compared with the prior year, reinforcing China’s role as a key buyer of Brazilian crude. Petrobras also expanded shipments of various oil grades to South Korea, Singapore, Thailand, and parts of Europe as part of its broader international strategy.
Despite this diversification, exports to Europe fell to 13% from 38% a year earlier, while shipments to the United States declined to 3% from 9%. Overall, Petrobras reported total oil, gas, and natural gas liquids production of 3.11 million barrels of oil equivalent per day in the fourth quarter, up about 18% year-on-year. Total sales of oil, gas, and derivatives rose nearly 19% to 3.37 million bpd. Petrobras is scheduled to release its full fourth-quarter financial results on March 5.
