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EOG Will Resume Major Oil Growth at ‘Stable’ $65 Price By Bradley Olson/Bloomberg 12:23 PM BRT May 5, 2015 An well pump near Sweetwater, Texas. Photographer: LM Otero/AP Photo EOG Resources Inc., the biggest shale-oil producer, will resume major growth in output once crude prices are stable at $65 a barrel. The company will likely... Continue Reading →
Brent hits new 2015 high as Saudi prices unveiled 2 hours ago April 5, 2015 Financial Times International oil benchmark North Sea Brent hit another fresh high for the year on Tuesday, rising towards $68 a barrel as Saudi Arabia announced its official selling prices (OSPs) for next month. Brent rose as high as $67.78... Continue Reading →
Repsol Said to Send Brazil CEO to U.S. for Talisman Integration By Rodrigo Orihuela/Bloomberg 11:01 AM BRT May 5, 2015 Repsol SA, Spain’s largest oil company, will transfer the chief executive officer of its Brazilian operations to the U.S. to help integrate Talisman Energy Inc. into its operations, according to two people familiar with the... Continue Reading →
Goldman Sachs Prescribes Weaker Real to Support Brazil’s Exports By Paula Sambo/Bloomberg 10:37 AM BRT May 5, 2015 Goldman Sachs Group Inc. is recommending that Brazil’s central bank go further in relaxing support for the real and allow the currency to decline more than 10 percent to support the nation’s exporters. “Brazil spent the last... Continue Reading →
http://www.ft.com/cms/s/0/9eb6d402-f30e-11e4-b98f-00144feab7de.html#ixzz3ZGdx1N2a EM SQUARED May 5, 2015 12:54 pm Latin America will be the hardest hit of emerging regions as the Fed tightens Dan Bogler/FT Investors heading back into the region should not get ahead of themselves ©Getty A striking feature of the latest updated forecasts from the International Monetary Fund was how sharply it cut growth estimates... Continue Reading →
Big Oil’s Best Margin Can’t Save Ecopetrol as Drilling Fizzles By Andrew Willis / Bloomberg 12:23 AM BRT May 5, 2015 Juan Carlos Echeverry, Chief Executive Officer of Ecopetrol SA, has said he plans to boost reserves and focus on the most profitable fields. Photographer: F. Carter Smith/Bloomberg Normally if one of the world’s most... Continue Reading →
Brazilian Economy Struggles to Take Off Business faces fraught time amid drought, a sluggish economy and a corruption scandal Economists expect Brazil’s gross domestic product to contract 1.18% this year and growth of just 1% in 2016. PHOTO: PAULO WHITAKER/REUTERS By LORETTA CHAO and ROGERIO JELMAYER/WSJ May 4, 2015 10:45 p.m. ET SAO PAULO, Brazil—With Brazil dogged by... Continue Reading →
Anadarko Posts Weaker-Than-Expected Results The oil-and-gas exploration and production company says production was strong An Anadarko Petroleum Corp. fracking site north of Dacono, Colo. PHOTO: BLOOMBERG NEWS By JOSH BECKERMAN/WSJ May 4, 2015 4:50 p.m. ET Anadarko Petroleum Corp. posted weaker-than-expected results for its first quarter but said production was strong. The oil-and-gas exploration and production company,... Continue Reading →
Brazil Austerity Can Minimize Budget Cuts, Temer Tells Congress by Mario Sergio Lima 7:14 PM BRT May 4, 2015 Brazil’s government will have to make significant reductions to the spending budget if lawmakers block its austerity program, Vice President Michel Temer said. “The budget cuts would be very radical,” Temer, a member of the ruling... Continue Reading →
Mon May 4, 2015 3:53pm EDT Brazil's industrial output likely fell in March: Reuters poll BRASILIA | BY SILVIO CASCIONE (Reuters) - Industrial output in Brazil probably fell in March for a second straight month on falling auto and steel production, increasing expectations that Latin America's largest economy will tumble into a recession. Output from Brazilian factories and... Continue Reading →
Brazil Energy Insight 