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 ...Read More »
Tag Archives: Goldman Sachs Group Inc.
The Public Utilities Commission of Ohio (PUCO) could make a decision as early as next week regarding its power purchase agreement with American Electric Power Company Inc. (AEP). The agreement revolves around AEP wanting guaranteed income for its part of a coal burning power plant located in southeast Ohio. According to AEP, if the deal is approved, it would provide ...Read More »
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 ...Read More »
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 ...Read More »