Goldman’s Oil Call Sinks Petrobras Shares as Ibovespa Declines by Denyse Godoy/Bloomberg 11:14 AM BRT May 19, 2015 Goldman Sachs Group Inc.’s forecast that oil will tumble sank Petroleo Brasileiro SA, sending the Ibovespa to the biggest drop among major stock gauges in the Americas. Oil slid for a fifth day as the New York-based firm... Continue Reading →
China Throws Brazil Multi-Billion Dollar Lifeline for Jets, Oil
China Throws Brazil Multi-Billion Dollar Lifeline for Jets, Oil by Anna Edgerton Raymond Colitt/Bloomberg 3:12 PM BRT May 19, 2015 China extended billions of dollars in loans and investment to Brazil as the South American nation reels from a slowing economy and a corruption scandal engulfing its largest oil producer. China Development Bank and the Asian country’s... Continue Reading →
Petrobras – Oil and Natural Gas Production on April
Petrobras - Oil and Natural Gas Production on April Rio de Janeiro, May 18th, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that, on April 2015, its oil and natural gas production was 2 million 785 thousand oil equivalent per day (boed), in Brazil and abroad, 0.8% above the volume registered on March of the... Continue Reading →
Brazil’s Petrobras output up 8.8 pct in April
Mon May 18, 2015 9:04pm EDT Brazil's Petrobras output up 8.8 pct in April SAO PAULO/Reuters May 18 Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that output in Brazil and abroad rose 8.8 percent in April from a year ago to 2.78 million barrels a day of oil and equivalent natural gas... Continue Reading →
Brazil prepares new tax hikes to meet fiscal goal -source
Mon May 18, 2015 2:04pm EDT Brazil prepares new tax hikes to meet fiscal goal -source BRASILIA/Reuters May 18 The Brazilian government plans a new round of tax hikes to meet its fiscal goal this year despite recent efforts to limit public expenditures, an official with knowledge of the decision said on Monday. President Dilma... Continue Reading →
Senior Brazilian Official Backs Chevron in Oil Pollution Case
Senior Brazilian Official Backs Chevron in Oil Pollution Case Prosecutor recommends that Brazilian courts reject $9.5 billion Ecuadorian contamination judgment By Paul Barrett/Bloomberg 2:21 PM BRT May 18, 2015 Photographer: David Paul Morris/Bloomberg Seeking to avoid payment of a disputed $9.5 billion pollution judgment in Ecuador, Chevron won a round in Brazil. Last week, a... Continue Reading →
UPDATE 2-Brazil’s Petrobras beats forecasts with $1.8 bln first-qtr profit
Fri May 15, 2015 8:22pm EDT UPDATE 2-Brazil's Petrobras beats forecasts with $1.8 bln first-qtr profit * End of fuel subsidy, corruption slowdown drive results * Total investments fall 13 pct, operating costs cut 22 pct * Refining unit makes 6.18 bln-real profit * Fuel subsidy removal offsets drop in crude price (Rewrites throughout to... Continue Reading →
Petrobras bonds rally on solid results
Mon May 18, 2015 10:01am EDT Petrobras bonds rally on solid results BY PAUL KILBY/Reuters NEW YORK, May 18 (IFR) - Bonds issued by Petrobras were rallying Monday morning on better-than-expected first-quarter results and the approval of an up to US$1bn equivalent bond sale in the local markets. "The results are much better than expected... Continue Reading →
Brazil hogs limelight as Itau brings dollar trade
Mon May 18, 2015 11:53am EDT Brazil hogs limelight as Itau brings dollar trade BY PAUL KILBY/Reuters NEW YORK, May 18 (IFR) - Brazil was leading LatAm credit markets higher Monday following a rally in state-controlled Petrobras and a new issue from Itau-Unibanco - the country's first dollar bond of the year. While a reversal... Continue Reading →
Goldman Sees Oil at $50 at the End of the Decade
Goldman Sees Oil at $50 at the End of the Decade Bank forecasts a "New Oil Order" By Julie Verhage/Bloomberg 10:38 AM BRT May 18, 2015 Oil - lower for longer? Photographer: Akos Stiller/Bloomberg As oil prices fell from more than $100 a barrel to a low of $43.46 over the past year, analysts and economists constantly tried to... Continue Reading →
Brazil Energy Insight 