Mon May 4, 2015 8:57am EDT Related: CURRENCIES, BONDS, MARKETS EMERGING MARKETS-Brazil real drops 2 pct on sign of less swap rollover By Walter Brandimarte RIO DE JANEIRO, May 4 (Reuters) - The Brazilian real lost 2 percent early on Monday after the central bank signaled it will reduce the roll over pace of currency... Continue Reading →
Venezuela’s Allies Break Oil Habit
Venezuela’s Allies Break Oil Habit As Caracas cuts back on subsidies to Caribbean nations, recipients are turning to renewable energy The Amaya wind farm, Nicaragua's largest, harnesses steady, strong winds that sweep across Lake Nicaragua. PHOTO: JOHN OTIS/THE WALL STREET JOURNAL By JOHN OTIS and KEJAL VYAS/WSJ May 1, 2015 11:21 p.m. ET RIVAS, Nicaragua—The steady breeze that... Continue Reading →
China Oil Industry, Experts Resist Proposal to Merge Companies
China Oil Industry, Experts Resist Proposal to Merge Companies China’s leadership instructed a team of advisers to explore ways to revamp the energy sector The Sinopec logo is illuminated at night at one of the company's gas stations in Hong Kong, China, March 19, 2015. PHOTO: BILLY H.C. KWOK/BLOOMBERG NEWS By LINGLING WEI And BRIAN SPEGELE/WSJ Updated May... Continue Reading →
Oil Prices Reach Five-Month Highs on European Factory Data
Oil Prices Reach Five-Month Highs on European Factory Data Eurozone manufacturing sector expanded in April, although at a slightly slower pace than March By MATTHEW COWLEY/WSJ May 4, 2015 6:26 a.m. ET LONDON—Oil prices moved higher in European trade Monday, reaching five-month highs amid stronger signs of economic growth in the eurozone. Earlier in the day,... Continue Reading →
Prosecutors in Brazil investigate Lula for alleged influence peddling
http://www.ft.com/cms/s/0/3ae4c710-f23a-11e4-892a-00144feab7de.html#ixzz3ZAx24fRc May 4, 2015 10:49 am Prosecutors in Brazil investigate Lula for alleged influence peddling Samantha Pearson in São Paulo/FT ©AFP Former Brazilian president Luiz Inacio Lula da Silva Brazil’s federal prosecutors have opened a preliminary investigation into the country’s wildly popular former leader Luiz Inácio Lula da Silva for illicit influence peddling in Cuba,... Continue Reading →
Brazil Minister Supports Regulatory Relief for Petrobras
Brazil Minister Supports Regulatory Relief for Petrobras By Sabrina Valle Anna Edgerton / Blooomberg 11:50 PM BRT May 3, 2015 Eduardo Braga, Brazilian Minister of Mines and Energy. Photographer: Wenderson Araujo/AFP/Getty Images Brazil is considering lifting a requirement for its national oil company to operate all new projects in a deepwater region where exploration costs... Continue Reading →
Brazil questions former president Lula’s relationship with builder
Sat May 2, 2015 12:52pm EDT Brazil questions former president Lula's relationship with builder * Allegations emerged in magazine report * Construction projects funded in countries Lula visited * Building company Odebrecht denies wrongdoing BRASILIA, May 2 (Reuters) - Federal prosecutors in Brazil have opened a preliminary investigation into whether former president Luiz Inácio Lula... Continue Reading →
Oil’s strong rise in April boosts hopes price rout is over
May 1, 2015 5:21 pm Oil’s strong rise in April boosts hopes price rout is over FT Reporters ©Getty Oil prices posted the strongest monthly gain since 2009 in April as US production showed signs of slowing, leading many traders to bet the worst of the oil rout is over. The international benchmark Ice June Brent... Continue Reading →
Saudi restructures oil sector, concentrating prince’s power
http://www.ft.com/cms/s/0/d3b1af6c-f014-11e4-aee0-00144feab7de.html#ixzz3YvDREAoY May 1, 2015 9:17 pm Saudi restructures oil sector, concentrating prince’s power Simeon Kerr in Dubai and Anjli Raval and David Sheppard in London/FT ©AFP Prince Mohamed bin Salman al-Saud Saudi Arabia, the world’s largest oil exporter, has restructured its hydrocarbon sector by splitting the state oil company from the oil ministry in a... Continue Reading →
Chevron’s Results Beat Expectations
Chevron’s Results Beat Expectations Oil giant’s earnings, revenue decline on lower oil prices Employees work on a storage tank inside Chevron’s Richmond, Calif., refinery. PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS By CHELSEY DULANEY/WSJ Updated May 1, 2015 9:03 a.m. ET Chevron Corp. said its first-quarter earnings dropped 43%, but strength in its refining segment and currency fluctuations helped offset tumbling... Continue Reading →
Brazil Energy Insight 