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Tag Archives: Goldman Sachs Group Inc.

Petrobras spending cuts may hurt Brazil banks, Goldman says

SAO PAULO – Petróleo Brasileiro SA’s decision to cut capital spending plans by $16 billion this year could hamper Brazilian banks with loan exposure to the oil and gas industry, especially state-controlled Banco do Brasil SA, analysts at Goldman Sachs Group Inc said on Wednesday. Spending cuts by Petrobras, as the company is known, may already be affecting the ability ...

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Dropping oil prices may hit U.S. fracking firms hard

North American crude is expensive to pump, and the falling oil prices will only make production more difficult.  In the past four weeks, oil prices across the globe have fallen about eight percent.  The U.S. price per barrel closed at $85.77, the lowest it has been since December 2012. According to a recent report by Goldman Sachs Group Inc., $90 ...

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Opposing sides have their eyes on the export ban prize

Zachary Toliver | Shale Plays Media Crude prices are dropping, revisions of export laws regarding petroleum products are stagnant, coal is at the losing end of carbon emission regulation and key infrastructure projects such as the Keystone XL are on hold. This is the reality of the energy industry a little over a month from November elections. Due to the ...

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