BRASÍLIA — Brazil will maintain its contentious tax on crude oil exports for an additional 60 days following a decisive court ruling that upheld the federal measure.

The temporary levy, introduced to bolster state revenues amid ongoing fiscal adjustments, had faced fierce legal resistance from major multinational energy producers operating across the nation's offshore basins.

Industry analysts warn the extension could dampen near-term exploration investment, even as government officials welcome the vital budgetary lifeline.