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There’s One Part of the World Where the Oil Industry Is Booming by Javier BlasAnthony Dipaola 8:00 PM BRT May 6, 2015 Saudi Oil A flame from a Saudi Aramco oil installion is seen in the desert near the oil-rich area of Khouris, 160 kms east of Riyadh. Photographer: Marwan Naamani/AFP via Getty Images As... Continue Reading →
BTG Earnings Beat Estimates for First Time in Three Quarters By Francisco Marcelino Cristiane Lucchesi/Bloomberg 8:58 PM BRT May 6, 2015 Grupo BTG Pactual, the Brazilian investment bank controlled by billionaire Andre Esteves, reported profit that beat analysts’ estimates for the first time in three quarters, easing concern that losses on private-equity stakes will undermine... Continue Reading →
Big Oil Companies Find Gains in Trading Volatility, contango help BP and Shell during spell of low oil prices The BP ETAP (Eastern Trough Area Project) oil platform in the North Sea. Amid the oil-price collapse, big oil companies are striking gains in their trading divisions. PHOTO: ANDY BUCHANAN/GETTY IMAGES By SARAH KENT/WSJ May 6, 2015 11:54... Continue Reading →
http://www.ft.com/cms/s/0/d5af17dc-f3de-11e4-99de-00144feab7de.html#ixzz3ZP86s1bW May 6, 2015 4:29 pm Potential ‘fallen angels’ show impact of Brazil slowdown Jonathan Wheatley/FT Companies face junk credit rating downgrade amid corruption scandal ©Getty Brazil's potential fallen angels illustrate the economy's fall from grace A darkening gloom hangs over Brazil’s economy. Analysts are steadily downgrading their growth projections for the economy this year, while... Continue Reading →
Brookfield Seeks to Raise $21 Billion to Buy Out-of-Favor Assets By Scott Deveau/Bloomberg 11:53 AM BRT May 6, 2015 Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, plans to start raising an additional $10 billion in funds this year after a $15 billion spending spree over the past 12 months, the company’s chief executive officer... Continue Reading →
Where Are Oil Prices Headed? Two Experts Make Their Conflicting Cases Phil Verleger Jr. sees prices ending the year in the $45-$50 range. Paul Horsnell predicts $75-$80. High U.S. output is keeping railroads busy and fueling an inventory buildup that could pull prices down. PHOTO: MCT VIA GETTY IMAGES By NICOLE FRIEDMAN/WSJ Updated May 5, 2015 11:05... Continue Reading →
Shell Chief Visits China to Win Backing for $70 Billion BG Deal By Rakteem Katakey / Bloomberg 6:47 AM BRT May 6, 2015 Shell Chief Executive Officer Ben Van Beurden visits the country this week to convince officials that the combination of two large oil and gas producers poses little risk for the world’s biggest... Continue Reading →
Brazil March Industrial Output Falls for a Second Straight Month By David Biller/Bloomberg 9:12 AM BRT May 6, 2015 Brazil’s industrial output in March declined for a second straight month as Latin America’s biggest economy heads toward its deepest recession in 25 years. Output in March fell 0.8 percent from the previous month, after a... Continue Reading →
Brazilians Protest as Ruling Party Vows to Clean Graft From Rank By Anna Edgerton / Bloomberg 8:45 PM BRT May 5, 2015 Brazilians in cities including Sao Paulo, Rio de Janeiro and Brasilia staged demonstrations as the ruling party took to airways to defend itself from allegations of corruption. Engaging in a traditional form of... Continue Reading →
Devon Energy Posts Loss on Impairments Company reports $5.46 billion of asset impairments, but raises full-year production goal By JOSH BECKERMAN May 5, 2015 9:20 p.m. ET Devon Energy Corp. posted a $3.6 billion net loss on $5.46 billion of asset impairments, although the energy company said production was higher than expected and it raised... Continue Reading →
Brazil Energy Insight 