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Noble Buys Rosetta for $2.1 Billion to Gain Texas Shale By James Polson/Bloomberg 7:38 AM BRT May 11, 2015 A file photograph shows Charles Davidson, chairman and chief executive officer of Noble Energy Inc. Photographer: F. Carter Smith/Bloomberg Noble Energy Inc. agreed to acquire Rosetta Resources Inc. for $2.1 billion in stock, giving the natural... Continue Reading →
Brazil Analysts Cut 2016 CPI Forecast for First Time in 6 Weeks By Mario Sergio Lima/Bloomberg 8:43 AM BRT May 11, 2015 Analysts covering the Brazilian economy cut their 2016 inflation forecast for the first time in six weeks as the central bank signals it will continue to raise interest rates. Analysts predict consumer prices... Continue Reading →
Statoil Scouts for Deals Yet to Become ‘Cheap’ After Oil Slump By Francine Lacqua Mikael Holter/Bloomberg 4:00 AM BRT May 11, 2015 Statoil Says North Sea Finds Linked in ‘Giant’ Oil Discovery Heidi Wideroe/Bloomberg Statoil ASA, Norway’s biggest oil company, is keeping a close watch of acquisition opportunities after a crash in crude prices. “Acquiring... Continue Reading →
http://www.ft.com/cms/s/0/36dedf76-f595-11e4-a018-00144feab7de.html#ixzz3ZlKZXSE8 May 10, 2015 5:50 pm Rebound in US shale will limit oil price recovery Output from the ‘swing producer’ has changed the equilibrium ©Getty It has been one of the less widely noticed oil price surges. Since January, benchmark Brent crude has risen from less than $47 per barrel to more than $65 per barrel, an... Continue Reading →
http://www.ft.com/cms/s/0/342b3a2e-f5a7-11e4-bc6d-00144feab7de.html#ixzz3ZlIJVlGL May 10, 2015 12:52 pm China oil imports surpass those of US for first time David Sheppard in London and Gregory Meyer in New York/FT ©Reuters China overtook the US as the world’s biggest importer of crude oil in April, the culmination of a seismic shift in global energy flows over the past decade.... Continue Reading →
http://www.ft.com/cms/s/0/f3fefd0e-f589-11e4-bc6d-00144feab7de.html#ixzz3ZZZM9ZOd May 8, 2015 5:45 pm Latin America braces for higher US rates Jude Webber and Gillian Tett in Riviera Maya/FT ©AFP Luis Videgaray: Fed rate rise will create some volatility but would be 'fundamentally good news for Mexico' The days of Latin American economies basking in the glow of high commodity prices, cheap cash... Continue Reading →
America’s Oil Drilling Boom Is Sputtering Back to Life by Lynn Doan 2:30 PM BRT May 8, 2015 The oil boom isn’t dead after all. For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and started drilling for crude once... Continue Reading →
Top Brazil Funds’ Contrarian Bet: Ignore Economy and Buy Stocks By Denyse Godoy Francisco Marcelino/Bloomberg 11:09 AM BRT May 8, 2015 Brazil’s two biggest mutual funds have a message for longer-term investors that few in the recession-plagued country seem to want to hear: Now is a good time to buy stocks. BB DTVM and Itau... Continue Reading →
Petrobras Said to Attract Mitsui in Sale of Brazil Gas Pipelines 9:03 PM BRT May 7, 2015 Petroleo Brasileiro SA has drawn interest from Mitsui & Co. in the sale of a package of natural gas pipelines, according to people with knowledge of the matter. Petrobras, as the Brazilian state oil company is known, has... Continue Reading →
Fri May 8, 2015 1:07am EDT Levy's Brazil austerity plan under growing fire in Congress BRASILIA/SAO PAULO | BY ALONSO SOTO AND BRIAN WINTER/Reuters Brazil's Finance Minister Joaquim Levy participates in a meeting with the Agriculture Parliamentary Front in Brasilia May 5, 2015. REUTERS/UESLEI MARCELINO Brazil Finance Minister Joaquim Levy's four-month-old austerity plan is encountering growing resistance in Congress,... Continue Reading →
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