Brazil Sees Economy Shrinking 0.9% in 2015, Expanding 1.3% in 2016 Guidelines sent to Congress help set goals for following year’s budget bill By PAULO TREVISANI And JEFFREY T. LEWIS/WSJ Updated April 15, 2015 6:23 p.m. ET BRASÍLIA—Brazil’s economy will contract 0.9% in 2015 and grow 1.3% in 2016, according to forecasts for the country’s 2016... Continue Reading →
Brazil Scandal Encroaching on Rousseff, Opposition’s Neves Says
Brazil Scandal Encroaching on Rousseff, Opposition’s Neves Says by Raymond Colitt Sabrina Valle/Bloomberg 11:45 AM BRT April 15, 2015 Brazil’s largest corruption scandal is encroaching on President Dilma Rousseff after the treasurer of her party was arrested, the leader of the country’s main opposition party said. “The political crisis is intensifying and is increasingly getting closer to... Continue Reading →
Oil Rises to Three-Month High
Oil Rises to Three-Month High By Mark Shenk/Bloomberg 11:38 AM BRT April 15, 2015 Oil surged to the highest this year as a pause in the U.S. shale boom was seen easing the biggest supply glut since 1930. Crude supplies increased last week at the slowest pace since January, according to the Energy Information Administration.... Continue Reading →
IEA warns of ‘murkier’ oil outlook
http://www.ft.com/cms/s/0/9267f5bc-e343-11e4-aa97-00144feab7de.html#ixzz3XNk3cZEm April 15, 2015 9:11 am Anjli Raval, Oil and Gas Correspondent ©Bloomberg The rebalancing of the global oil market may still be in its early stage with the outlook “only getting murkier”, according to the International Energy Agency, as uncertainties remain about demand and supply responses to the steep drop in prices. “The backdrop against... Continue Reading →
Brazil ruling party treasurer arrested in Petrobras scandal -media
Wed Apr 15, 2015 8:14am EDT Brazil ruling party treasurer arrested in Petrobras scandal -media BRASILIA, APRIL 15 (Reuters) - Brazilian police arrested another four people in the political kickback investigation engulfing state-run oil company Petrobras on Wednesday and local media said they included Joao Vaccari, the treasurer of the ruling Workers' Party. Vaccari is... Continue Reading →
Brazil February Economic Activity Rises Above All Estimates
Brazil February Economic Activity Rises Above All Estimates By Mario Sergio Lima/Bloomberg 8:46 AM BRT April 15, 2015 Brazil’s economy unexpectedly expanded in February, as the government cuts spending and policy makers raise rates to tame above-target inflation in the world’s second-biggest emerging market. The seasonally adjusted economic index, a proxy for gross domestic product,... Continue Reading →
Shale Output Is Falling Faster Than Expected
Shale Output Is Falling Faster Than Expected by Joe Carroll / Bloomberg 1:00 AM BRT April 15, 2015 Photographer: Spencer Platt/Getty Images Shale drillers will see production drop sooner than expected under a U.S. government forecast, a momentum change that hints at an eventual price rally. Just five months after Saudi Arabia put the market into... Continue Reading →
US close to ending era as net importer of energy
http://www.ft.com/cms/s/0/f6dcbd90-e2bf-11e4-aa1d-00144feab7de.html#ixzz3XJWH8Eie April 14, 2015 6:05 pm US close to ending era as net importer of energy Gregory Meyer in New York ©Bloomberg The US is poised to cease being a net importer of energy for the first time since the 1950s as abundant domestic fossil fuel and efficiency measures reset its relations with world suppliers,... 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 →
Brazil Energy Insight 