Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away
A Queiroz Galvao SA offshore oil platform and drilling vessel sit in the Guanabara Bay near Niteroi, Rio de Janeiro state, Brazil (Photographer: Dado Galdieri/Bloomberg)

Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away

(Bloomberg) -- Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companie...
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