Nov 14 The Brazilian real slumped for a fourth straight day on Thursday, as concern over U.S. President-elect Donald Trump and higher U.S. yields drove the central bank to intervene. Rates paid on U.S. Treasury debt surged on fears that Trump's pledges of heavy infrastructure spending and tax cuts could boost inflation and force the... Continue Reading →
Hidden in Awful Petrobras Earnings Is a Bit of Really Good News
Petroleo Brasilerio SA rattled markets last week when it posted a surprise $4.9 billion loss. Buried in the Brazilian oil giant’s 33-page financial statement was a piece of really good news: Its debt levels have tumbled to the lowest in almost three years. While there’s still a long way to go, the $16 billion reduction... Continue Reading →
Petrobras Results Announcements 3Q 2016
Petrobras Results Announcements at press conference. petrobras-presentation-3q-2016
Brazil’s Petrobras may revise prices again within a month, director says
Fri Nov 11, 2016 | Reuters Brazil's Petrobras refining and natural gas director, Jorge Celestino, said in a conference call with analysts on Friday that the state-controlled oil company may decide to make a new fuel price adjustment within a month. Petrobras' new pricing policy takes into consideration the exchange rate and the company's market... Continue Reading →
Webcast/Conference Call Invitation – 3Q16 Results
11/10/2016 Petrobras announces that it will disclose its 3rd quarter 2016 Results on Thursday, November 10, 2016, after market closing. The company would like to invite investors and analysts for the conference call/webcast, with broadcast in Portuguese and simultaneous translation to English, according to the times below: November 11, 2016 (Friday) 2:30 pm (Brasília)... Continue Reading →
Petrobras 3Q 2016 Results
Rio de Janeiro – November 10, 2016 - THIRD QUARTER OF 2016 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Loss R$ 16.5 billion Production 2,869 Mbbl/d Adjusted EBITDA R$ 21,603 million pbr-3q2016-financial-statements pbr-3q2016-results
Shell to invest $10 bln as Brazil expands private role in oil industry
Royal Dutch Shell Plc will invest $10 billion in Brazil over five years now that the country has increased opportunities for foreign companies in its oil industry, its chief executive officer said on Thursday. Already the largest foreign investor in Brazil, Shell is particularly encouraged by recent legislation that increases the role of private oil... Continue Reading →
Brazil real extends slump despite increased intervention
Fri Nov 11, 2016 The Brazilian real weakened 3 percent in early trading on Friday even after the central bank stepped up currency interventions amid lingering concerns related to the election of Donald Trump as U.S. President this week. The real reached 3.47 reais, the weakest level since mid-June, extending losses to nearly 9 percent... Continue Reading →
Petrobras posts surprising loss amid massive asset impairments
Brazilian state-controlled oil company Petróleo Brasileiro SA posted an unexpected third-quarter loss on Thursday after drastically reducing the value of oil fields and other assets amid a severe downsizing and weak oil prices. Petrobras lost a net 16.458 billion reais ($4.9 billion) last quarter, five times more than a year earlier. Despite that, operational and... Continue Reading →
Brazil real drops by the most in 5 years on Trump concerns
Thu Nov 10, 2016 | Reuters The Brazilian real slumped over 5 percent on Thursday, its biggest daily loss since the 2011 Greek debt crisis, as concerns over a potential trade shock under U.S. President-elect Donald Trump prompted investors to shun risky assets. The sharp move pushed the real past 3.3 to the U.S. dollar... Continue Reading →
Brazil Energy Insight 