Global 500

Brazil's state-controlled oil company has hit some rough waters. While it remains the world's largest deepwater oil producer, the company says it foresees a slight decrease in total production over the next five years -- about 2.5 million barrels per day in 2016, compared to the estimated 3 million barrels per day by 2015 the company projected in its 2011 five-year business plan. The forecast follows an earlier announcement of Petrobras' plan to increase gasoline prices by 7.8 percent and diesel prices by 3.9 percent. --S.J.