LatAm Oil & Gas "LightHouse: PBR, PRIO, VIST, Argentina O&G, Fuel Dist. ..."

Research evidence excerpt

LatAm Oil & Gas "LightHouse: PBR, PRIO, VIST, Argentina O&G, Fuel Dist. ..."

Global Research

20 May 2026ab

LatAm Oil & Gas Equities

Latin AmericaLightHouse: PBR, PRIO, VIST, Argentina O&G,

Fuel Dist. (2x), Petchems, Global (5x) Oil Companies, Major

Tasso Vasconcellos

Analyst

tasso.vasconcellos@ubs.com

Integrated oil: PBR, Argentina O&G +55-11-2767 6683

PBR: Recent comments on company’s potential investments, including Pemex Matheus Enfeldt

partnership and Riograndense refinery. Argentina O&G: VMOS monitors Middle East Analyst

situation as key equipment delivery approaches. matheus.enfeldt@ubs.com

+55-11-2767 6975

E&P Juniors: PRIO, VIST Joao Barichello

PRIO: ANP authorizes PRIO to anticipate activities in Arapuçá shared reservoir. VIST: Associate Analyst

We published our monthly report on company's production; see "Apr/26 production: joao-pedro.barichello@ubs.com

Keeping the momentum, on track to deliver". +55-11-2767 6364

Victor Modanese

Fuel Distribution: Fuel Dist. Associate Analyst

Fuel Dist.: 1) Delay in diesel subsidy payments raises concerns over imports and victor.modanese@ubs.com

+55-11-2767 6008

supply. 2) April preliminary data for fuel distribution sales

Petrochemicals: Petchems

Petchems: UBS' US Chemicals and Packaging Research team published its monthly

plastics report; see "Reaching the peak?".

Commodities / Macro: Global

Global: 1) Click here to access today’s global comp sheets on valuation and

performance. 2) UBS' Global Energy Research team published a report on

Integrateds sensitivity model update; see "Sensitivity model update: increased

volatility, higher expectations". 3) UBS' Global Energy Research team published its

Hormuz tracker report; see "Hormuz tracker: day 80". 4) UBS' US O&G Research