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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 →
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 →
Wed Apr 15, 2015 7:57am EDT Petrobras may sell stakes in sub-salt blocks: paper SAO PAULO A view is seen of the Petrobras headquarters in Rio de Janeiro December 16, 2014. REUTERS/SERGIO MORAES (Reuters) - Brazil's Petrobras may include stakes in some sub-salt oil fields in an asset sale program aimed at reducing capital spending... Continue Reading →
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 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 →
Tue Apr 14, 2015 12:54pm EDT Brazil probe of Petrobras seen spurring positive business agenda SAO PAULO, APRIL 14 | BY GUILLERMO PARRA-BERNAL (Reuters) - A corruption probe at Brazil's state-run oil company Petrobras is likely to promote less government intervention and more transparency, economists and analysts said on Tuesday. The investigation could, however, also stir more... Continue Reading →
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 →
Petrobras - Clarification on News: Financial Statements Adjustment Rio de Janeiro, April 14th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter/CVM/SEP/GEA-1/N.º 123/2015 that requests clarification as follows: OFFICIAL LETTER/CVM/SEP/GEA-1/N.º 123/2015 “In reference to news broadcasted on 04.11.2015 by the Brazilian Newspaper O Globo, under the headline“Petrobras: cost of corruption may reach R$... Continue Reading →
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 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 