US-Israel War with Iran Sends Oil Above $100

March 9 (Reuters) The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth. Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia, while the Aussie AUD= and... Continue Reading →

Petrobras weighs fuel pricing as oil turmoil deepens

March 9 (valorinternational.globo.com) Uncertainty stemming from the conflict in the Middle East still makes it impossible to identify a clear oil price trend, but Petrobras’s pricing policy will not change because of the crisis, company executives said in assessing the current geopolitical environment and its effects on Brazil. They said, however, that the oil giant... Continue Reading →

Venezuela’s Gas Potential Could Overshadow Its Famous Oil Reserves

March 8 (oilprice.com) Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro’s 13-year dictatorship, all eyes have been on the South American country’s oil industry. Once one of the world’s biggest oil producers, output has waned in recent years. However, with U.S. President Trump setting his sights on Venezuelan... Continue Reading →

Brazil regulator CADE approves IG4-Novonor deal for Braskem

 March 6 (Reuters) - The general superintendence of ‌Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 ​Capital to buy a controlling ​stake in petrochemical firm Braskem from conglomerate ⁠Novonor, a regulatory document showed. The ​agreement, which had been announced by the companies ​in December, was approved by the superintendence without restrictions,... Continue Reading →

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