Goldman Sees Oil at $45 by October After ‘Self-Defeating’ Rally By Ben Sharples/Bloomberg 5:18 AM BRT May 19, 2015 Oil is poised to slump to $45 a barrel by October as a surplus of crude and producers’ easy access to cash weigh on the market, according to Goldman Sachs Group Inc. A recovery in prices... Continue Reading →
Oil M&A Activity Likely to Pick Up in 2016, Citi Says
Oil M&A Activity Likely to Pick Up in 2016, Citi Says By Harry Weber/Bloomberg 12:14 PM BRT May 19, 2015 Oil’s rebound and more certainty around company valuations are keys to driving mergers and acquisitions activity next year given the pent-up demand for deals, bankers said Tuesday at an energy forum in Houston. “The dam... Continue Reading →
Rousseff Says Brazil’s Budget Cuts to Be as Small as Possible
Rousseff Says Brazil’s Budget Cuts to Be as Small as Possible Government aims to boost primary surplus to 1.2% of GDP By PAULO TREVISANI/WSJ May 19, 2015 2:05 p.m. ET BRASÍLIA—Brazil’s government, which is trying to improve its financial situation, will avoid excessive reductions to the national budget, President Dilma Rousseff said Tuesday. “We will make the... Continue Reading →
Latin America needs China to help close infrastructure gap
Latin America needs China to help close infrastructure gap Guest writer | May 19 11:45 \Beyondbrics - FT By Kevin P. Gallagher, Boston University’s Pardee School of Global Studies To many South American leaders, Chinese Premier Li Keqiang’s visit this week couldn’t come at a better time, and from a better country. China has been busy with Latin America,... Continue Reading →
Petrobras Said Squeezed for Payment Five Years After Sale
Petrobras Said Squeezed for Payment Five Years After Sale by Anna Edgerton/Bloomberg 12:00 AM BRT May 19, 2015 Brazil's Finance Minister Joaquim Levy. Photographer: Simon Dawson/Bloomberg Investors in a 2010 Petrobras stock sale may have to abandon hope that Brazil will help cut their losses. The finance ministry is likely to seek reimbursement of as much... Continue Reading →
Brazil’s Massive Corruption Scandal Is Rocking Its Once-Superstar Economy
Brazil's Massive Corruption Scandal Is Rocking Its Once-Superstar Economy Photographer: Gregg Newton/Bloomberg By David Biller/Bloomberg 11:35 AM BRT May 19, 2015 Some Brazilians worry that the biggest corruption scandal in their nation's history will end in what is known in their country as a pizza party, meaning the accused will find a way to get away... Continue Reading →
Goldman’s Oil Call Sinks Petrobras Shares as Ibovespa Declines
Goldman’s Oil Call Sinks Petrobras Shares as Ibovespa Declines by Denyse Godoy/Bloomberg 11:14 AM BRT May 19, 2015 Goldman Sachs Group Inc.’s forecast that oil will tumble sank Petroleo Brasileiro SA, sending the Ibovespa to the biggest drop among major stock gauges in the Americas. Oil slid for a fifth day as the New York-based firm... Continue Reading →
China Throws Brazil Multi-Billion Dollar Lifeline for Jets, Oil
China Throws Brazil Multi-Billion Dollar Lifeline for Jets, Oil by Anna Edgerton Raymond Colitt/Bloomberg 3:12 PM BRT May 19, 2015 China extended billions of dollars in loans and investment to Brazil as the South American nation reels from a slowing economy and a corruption scandal engulfing its largest oil producer. China Development Bank and the Asian country’s... Continue Reading →
Petrobras – Oil and Natural Gas Production on April
Petrobras - Oil and Natural Gas Production on April Rio de Janeiro, May 18th, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that, on April 2015, its oil and natural gas production was 2 million 785 thousand oil equivalent per day (boed), in Brazil and abroad, 0.8% above the volume registered on March of the... Continue Reading →
Brazil’s Petrobras output up 8.8 pct in April
Mon May 18, 2015 9:04pm EDT Brazil's Petrobras output up 8.8 pct in April SAO PAULO/Reuters May 18 Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that output in Brazil and abroad rose 8.8 percent in April from a year ago to 2.78 million barrels a day of oil and equivalent natural gas... Continue Reading →
Brazil Energy Insight 