Brazil Real Leads Global Drops as Greece Damps Emerging Markets by Paula Sambo/Bloomberg 10:16 AM BRT May 11, 2015 Brazil’s real fell the most among global currencies as concern European finance ministers will struggle to agree on aid for Greece damped demand for emerging-market assets. The currency tumbled 2.2 percent to 3.0403 per U.S. dollar... Continue Reading →
OPEC Sees Oil Price Below $100 a Barrel in the Next Decade
OPEC Sees Oil Price Below $100 a Barrel in the Next Decade Pessimistic Assessment May Mean That the Oil Cartel Returns to Production Quotas By BENOÎT FAUCON and SUMMER SAID/WSJ May 11, 2015 8:23 a.m. ET VIENNA—The Organization of the Petroleum Exporting Countries doesn’t see oil prices consistently trading at $100 barrel again in the next... Continue Reading →
Noble Buys Rosetta for $2.1 Billion to Gain Texas Shale
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
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
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 →
Rebound in US shale will limit oil price recovery
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 →
China oil imports surpass those of US for first time
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 →
Latin America braces for higher US rates
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
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
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 →
