Petrobras reverses production cuts as bunker fuel demand resilient

RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it said on Monday, a surprising turnaround that may be tied to an aggressive bet on bunker fuel.In a Monday securities filing with first-quarter production figures, Petroleo Brasileiro SA , as the firm is formally known, noted that it initially decided to cut April oil production to 2.07 million barrels per..