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 →
Impeach-Rousseff Protesters Plan 500-Mile March on Brasilia
Impeach-Rousseff Protesters Plan 500-Mile March on Brasilia By David Biller Yasmine Batista 10:09 PM BRT April 13, 2015 One of the biggest organizers of anti-government protests will head to Brazil’s capital to directly pressure Congress to impeach President Dilma Rousseff. Free Brazil Movement plans to march on Brasilia from the country’s biggest city to sustain... Continue Reading →
Petrobras Surges to Four-Month High on Earnings Report Outlook
Petrobras Surges to Four-Month High on Earnings Report Outlook by Julia Leite/Bloomberg 2:00 PM BRT April 13, 2015 Petroleo Brasileiro SA jumped to the highest level since December, extending a three-day rally on speculation the oil producer will release long-delayed earnings and is making progress on asset sales designed to raise cash. Petrobras, as the company... Continue Reading →
Oil Futures Rise on Expectations of U.S. Production Drop
Oil Futures Rise on Expectations of U.S. Production Drop Prices have plunged in recent months amid growing oversupply of oil in global market By NICOLE FRIEDMAN and GEORGI KANTCHEV/WSJ Updated April 13, 2015 10:42 a.m. ET Oil prices rose for a third straight session on Monday on continued expectations that U.S. crude-oil production is set to... Continue Reading →
Brazilian Currency Drops as China Weakness Damps Local Prospects
Brazilian Currency Drops as China Weakness Damps Local Prospects By Paula Sambo/Bloomberg 10:20 AM BRT April 13, 2015 Brazil’s real fell the most in two weeks as a decline in China’s imports damped prospects for the Latin American nation’s suppliers of raw materials. The real dropped for a third straight day, declining 0.8 percent to... Continue Reading →
JPMorgan Banker Sees ’08 Crisis Echoes in Brazil Capital Markets
JPMorgan Banker Sees ’08 Crisis Echoes in Brazil Capital Markets By Paula Sambo Denyse Godoy/Bloomberg 8:00 PM BRT April 12, 2015 JPMorgan Chase & Co.’s Ricardo Leoni says he’d have to hearken back to the tumult that gripped global markets seven years ago to recall a time when Brazilian companies were so loath to tap... Continue Reading →
