PETROBRAS - PETROLEO BRASILEIRO SA (Form: 6-K, Received: 06/08/2020 06:02:17)

Avenida República do Chile, 65
20031-912 – Rio de Janeiro, RJ
Federative Republic of Brazil

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Petrobras on fuel oil exports

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Rio de Janeiro, June 05, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% higher than the volume exported in May last year.

It is important to highlight that, on 01/01/2020, the new global specification for marine fuels (IMO 2020) came into force, which reduced the limit of the sulfur content in fuel oil from 3.5% to 0.5%, which has generated a unique opportunity for Petrobras, which produces oil and fuel oil with low sulfur content.

The record in exports occurs in a challenging period of the world economy with reduced global demand for oil and oil products caused by the COVID-19 pandemic. The strategy of diversifying the destinations of fuel oil exports has proved effective in capturing greater participation in the foreign market.

The record achieved reflects the result of actions taken during the crisis to return production to the Exploration and Production area and to readjust refining loads by focusing on products that maximize the company's margin without putting pressure on inventories.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investors Relations

e-mail: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. República do Chile, 65 – 1803 – 20031-912 – Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.