Brazil’s Petrobras to be led by privatization advocate

RIO DE JANEIRO (AP) — Brazil’s president-elect is appointing a pro-market reformer to lead the state oil company Petrobras.
The government’s Agencia Brasil on Monday confirmed the appointment of Roberto Castello Branco, a former director of mining company Vale.
Castello Branco has advocated privatizing Petrobras, which would be unpopular in sectors that depend on subsidized pricing.
Fuel prices set by Petrobras were at the center of a major trucking strike earlier this year tha