BMLpL

Bank of America Corporation Bank of America Corporation Depositary Shares (Each representing a 1/120

20.3800
USD
-0.97%
20.3800
USD
-0.97%
18.4500 25.9300
52 weeks
52 weeks

Mkt Cap 105.98B

Shares Out 5.20B

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Brazil ministry seeks to calm diesel shortage fears

SAO PAULO, May 27 (Reuters) - Brazil's Mines and Energy ministry on Friday sought to calm fears about potential diesel shortages, saying the country had enough supply in inventories to avoid any fuel shortage for 38 days if imports were totally halted. The ministry's said it was responding to a warning made by state-controlled oil company Petrobras PETR4.SA last week, saying that diesel pumps in the country could run dry this year if it does not sell fuels at global market prices. In March it had created a committee to monitor supplies of the truck fuel, the ministry noted, adding that it had raised diesel inventories since. "If imports of this fuel were to cease today, stocks, together with domestic production, would be sufficient to supply the country for 38 days," it said in a statement. (Reporting by Carolina Pulice and Peter Frontini; Editing by Christian Plumb) ((Carolina.Pulice@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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