Business

Lula calls oil near the Amazon River a passport to Brazil's future after Petrobras strikes new find

ABC News Money · August 18, 2026 at 2:16 AM

Lula calls oil near the Amazon River a passport to Brazil's future after Petrobras strikes new find

Brazil’s President Lula da Silva says oil drilling in northern coastal regions could be a "passport to the country’s future."

Read the full article on ABC News Money ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on abcnews.go.com — the content belongs to ABC News Money.

Lula calls oil near the Amazon River a passport to Brazil's future after Petrobras strikes new find

More from ABC News Money

US, Canada hold last-minute talks to stop 50% U.S. tariffs

Opening arguments set to begin in Meta's federal trial over child harms

MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones

Jeanie Buss to contest siblings' plan to sell their Lakers minority ownership stake to Kushner, Iger

More in Business

The global ‘freedom of the seas’ is dying in the Strait of Hormuz—and everyone, everywhere, could pay the tolls

Married 69 years, this philanthropic couple died 8 days apart—after giving away more than $20 million from a hotel-and-property fortune

A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he’s a billionaire who says the American Dream isn’t dead

The $500 longevity body scanner from Spotify's cofounder is coming to the US

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

Alibaba’s $2 billion gaming exit signals where Beijing wants its money