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http://www.ft.com/cms/s/0/57ed823e-a573-11e4-ad35-00144feab7de.html#ixzz3agWeGlOw May 19, 2015 5:00 pm Drill deeper than oil for Saudi prosperity John Sfakianakis/FT Important reforms centre on energy, which kingdom uses wastefully, writes John Sfakianakis ©AFP When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to make changes. So it... Continue Reading →
http://www.ft.com/cms/s/0/4c6eab9a-fa55-11e4-aa42-00144feab7de.html#ixzz3afpx0IgV May 18, 2015 6:01 pm From Canada to Australia, energy groups’ cuts are laid bare Christopher Adams, Energy Editor/FT Almost 30 years ago, Saudi Arabia triggered a slide in oil prices by making an aggressive bid for market share, and western energy companies were forced to make sweeping cuts in capital spending in response.... Continue Reading →
China Grows South America Sway as Commodity Bust Cheapens Assets By Juan Pablo Spinetto David Biller/Bloomberg 6:20 PM BRT May 19, 2015 Li Keqiang, China's premier. Photographer: Krisztian Bocsi/Bloomberg China’s interest in Latin American isn’t just about oil and agriculture anymore. As Premier Li Keqiang tours Brazil, Colombia, Peru and Chile for the first time,... Continue Reading →
Tue May 19, 2015 5:57am EDT Brazil bets on rain, rules out power rationing in 2015 - TRFN BY ADRIANA BRASILEIRo RIO DE JANEIRO, May 19 (Thomson Reuters Foundation) - B razilian authorities have ruled out electricity rationing this year as a slowing economy and higher tariffs help reduce consumption. But water reservoirs in hydropower-dependent... Continue Reading →
Goldman Sees Oil at $45 by October After ‘Self-Defeating’ Rally By Ben Sharples/Bloomberg 5:18 AM BRT May 19, 2015 Oil is poised to slump to $45 a barrel by October as a surplus of crude and producers’ easy access to cash weigh on the market, according to Goldman Sachs Group Inc. A recovery in prices... Continue Reading →
Oil M&A Activity Likely to Pick Up in 2016, Citi Says By Harry Weber/Bloomberg 12:14 PM BRT May 19, 2015 Oil’s rebound and more certainty around company valuations are keys to driving mergers and acquisitions activity next year given the pent-up demand for deals, bankers said Tuesday at an energy forum in Houston. “The dam... Continue Reading →
Rousseff Says Brazil’s Budget Cuts to Be as Small as Possible Government aims to boost primary surplus to 1.2% of GDP By PAULO TREVISANI/WSJ May 19, 2015 2:05 p.m. ET BRASÍLIA—Brazil’s government, which is trying to improve its financial situation, will avoid excessive reductions to the national budget, President Dilma Rousseff said Tuesday. “We will make the... Continue Reading →
Latin America needs China to help close infrastructure gap Guest writer | May 19 11:45 \Beyondbrics - FT By Kevin P. Gallagher, Boston University’s Pardee School of Global Studies To many South American leaders, Chinese Premier Li Keqiang’s visit this week couldn’t come at a better time, and from a better country. China has been busy with Latin America,... Continue Reading →
Petrobras Said Squeezed for Payment Five Years After Sale by Anna Edgerton/Bloomberg 12:00 AM BRT May 19, 2015 Brazil's Finance Minister Joaquim Levy. Photographer: Simon Dawson/Bloomberg Investors in a 2010 Petrobras stock sale may have to abandon hope that Brazil will help cut their losses. The finance ministry is likely to seek reimbursement of as much... Continue Reading →
Brazil's Massive Corruption Scandal Is Rocking Its Once-Superstar Economy Photographer: Gregg Newton/Bloomberg By David Biller/Bloomberg 11:35 AM BRT May 19, 2015 Some Brazilians worry that the biggest corruption scandal in their nation's history will end in what is known in their country as a pizza party, meaning the accused will find a way to get away... Continue Reading →
Brazil Energy Insight 