Petrobras - Clarification on News: Financial Statements Adjustment Rio de Janeiro, April 14th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter/CVM/SEP/GEA-1/N.º 123/2015 that requests clarification as follows: OFFICIAL LETTER/CVM/SEP/GEA-1/N.º 123/2015 “In reference to news broadcasted on 04.11.2015 by the Brazilian Newspaper O Globo, under the headline“Petrobras: cost of corruption may reach R$... Continue Reading →
Oil Extends Gains on U.S. Output Expectations
Oil Extends Gains on U.S. Output Expectations Analysts caution reduction in U. S.output won’t be enough to offset the global oil glut Oil drilling rigs stacking in Texas on Jan. 26. The number of U.S. oil drilling rigs has declined for 18 straight weeks and is at a level last seen in December 2010. PHOTO: AO By GEORGI... Continue Reading →
Brazil Real Rises as Petrobras Board to Review Financial Results
Brazil Real Rises as Petrobras Board to Review Financial Results by Paula Sambo/Blommberg 10:01 AM BRT April 14, 2015 Brazil’s real climbed for the first time in four days as state-controlled oil producer Petroleo Brasileiro SA indicated that it was moving closer to publishing financial results. The currency added 0.6 percent to 3.1013 per dollar at... Continue Reading →
Petrobras takes steps to avert a technical default
http://www.ft.com/cms/s/0/e5deaa2a-e257-11e4-9995-00144feab7de.html#ixzz3XHeEAxFA April 14, 2015 5:21 am Petrobras takes steps to avert a technical default Joe Leahy in São Paulo Brazil’s embattled state-controlled oil company Petrobras said late on Monday that it expected to release its long-delayed audited financial results for 2014 as early as next Wednesday. The move would help Petrobras, which has been crippled by a political corruption... Continue Reading →
Impeach-Rousseff Protesters Plan 500-Mile March on Brasilia
Impeach-Rousseff Protesters Plan 500-Mile March on Brasilia By David Biller Yasmine Batista 10:09 PM BRT April 13, 2015 One of the biggest organizers of anti-government protests will head to Brazil’s capital to directly pressure Congress to impeach President Dilma Rousseff. Free Brazil Movement plans to march on Brasilia from the country’s biggest city to sustain... Continue Reading →
Petrobras Board to Review Delayed Financial Results April 22
Petrobras Board to Review Delayed Financial Results April 22 by Sabrina Valle/Bloomberg 10:01 PM BRT April 13, 2015 Petroleo Brasileiro SA plans to release long-delayed audited financial results after an April 22 board meeting, a move that would avert a potential acceleration of debt payments and reopen access to bond markets. The Rio de Janeiro-based oil... Continue Reading →
Petrobras – Material Fact – Release of Financial Statements
Petrobras - Material Fact - Release of Financial Statements Rio de Janeiro, April 13, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that on April 22 its Board of Directors will meet to: (i) review its interim financial statements for the third quarter 2014, reviewed by the Company’s independent auditors; and (ii) approve the Company’s... Continue Reading →
Petrobras Surges to Four-Month High on Earnings Report Outlook
Petrobras Surges to Four-Month High on Earnings Report Outlook by Julia Leite/Bloomberg 2:00 PM BRT April 13, 2015 Petroleo Brasileiro SA jumped to the highest level since December, extending a three-day rally on speculation the oil producer will release long-delayed earnings and is making progress on asset sales designed to raise cash. Petrobras, as the company... Continue Reading →
UPDATE 1-Petrobras shares jump on report of plans to sell Braskem stake
Mon Apr 13, 2015 11:34am EDT UPDATE 1-Petrobras shares jump on report of plans to sell Braskem stake (Reuters) - Shares in Brazil's Petrobras rose 6 percent on Monday after local media reported that the state-run oil company plans to sell a stake in petrochemicals firm Braskem SA for around 2.8 billion reais ($903 million).... Continue Reading →
Oil Futures Rise on Expectations of U.S. Production Drop
Oil Futures Rise on Expectations of U.S. Production Drop Prices have plunged in recent months amid growing oversupply of oil in global market By NICOLE FRIEDMAN and GEORGI KANTCHEV/WSJ Updated April 13, 2015 10:42 a.m. ET Oil prices rose for a third straight session on Monday on continued expectations that U.S. crude-oil production is set to... Continue Reading →
