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 →

Rolls-Royce to Cut Jobs at Marine Unit Amid Slowing Business By Kari Lundgren/Bloomberg 8:12 AM BRT May 18, 2015 Sales remain strong for the Rolls-Royce Trent 900 aircraft engine division Balint Porneczi/Bloomberg Rolls-Royce Group Plc, which is already eliminating about 2,600 positions globally, said it will cut an additional 600 jobs at its marine unit... Continue Reading →

http://www.ft.com/cms/s/0/b5c97688-fa6e-11e4-aa42-00144feab7de.html#ixzz3aUYRuF9Q May 18, 2015 12:41 pm Brazil’s political system broken, says former president Joe Leahy in New York/FT ©AP Brazil’s political system is broken and reforms are needed to restore its credibility in the eyes of voters, according to Fernando Henrique Cardoso, a former president of Latin America’s largest country. A vast corruption scandal at Petrobras, the state-owned... Continue Reading →

Beijing to Unveil South America Investments China Premier Li Keqiang to discuss Brazil railway, other infrastructure projects on visit this week China’s premier is expected to sign agreements for joint research into the feasibility of building a cross-Andes rail link across Brazil’s agricultural belt to Peru’s Pacific coast. Shown, ron ore is transported by rail... Continue Reading →

Oil Investors Take a Closer Look at Production A spotlight has landed on a previously overlooked metric as oil traders drill deeper for clues on price movement. By NICOLE FRIEDMAN/WSJ May 17, 2015 7:09 p.m. ET A spotlight has landed on a previously overlooked metric as oil traders drill deeper forclues on price movement. More... Continue Reading →

http://www.ft.com/cms/s/0/2df94184-fb2c-11e4-9aed-00144feab7de.html#ixzz3aTxkAyQ3 May 17, 2015 4:59 pm Saudi turns to China as oil exports to US drop David Sheppard and Anjli Raval in London/FT ©Bloomberg Saudi Arabia’s oil exports to the US have fallen to the lowest level since the financial crisis, showing the impact of the shale boom and fast-growing imports from Canada. The US has bought... Continue Reading →

Maersk Takes Procurement to the Cloud The global shipping and oil business is e-sourcing most of its purchasing and using a software ‘optimizer’ to analyze the buying The Maersk group’s e-sourcing initiative has a goal of sourcing some $2 billion in procurement through a software ‘optimizer.’ PHOTO:EUROPEAN PRESSPHOTO AGENCY By STEVE NORTON/WSJ May 15, 2015 4:42... Continue Reading →

http://www.ft.com/cms/s/0/d29bca14-fb62-11e4-9fe6-00144feab7de.html#ixzz3aI2I9nSA May 16, 2015 1:49 am Oil price plunge boosts Petrobras Samantha Pearson in São Paulo/FT ©Getty Petrobras, the oil producer engulfed in Brazil’s biggest corruption scandal, has delivered rare good news for investors after plunging global oil prices slashed the company’s import costs. The Rio de Janeiro-based company reported net profit of R$5.33bn ($1.78bn) for... Continue Reading →