Monday’s best web covers McDonald’s fight for market share in India, BP’s contract to supply LNG to Israel, Yandex’s foray into Turkey, power supply concerns in Indonesia, and the South American inter-continental highway.
Brazil’s oil industry and Petroleo Brasileiro S.A. (PBR, quote) have great potential. Petrobras shares have floundered in recent trading due to the falling price of oil (USO, quote), but this is still a dividend-paying stock with a huge upside. While Brazil still imports oil, the gap between domestic production and consumption is dwindling.
Natural gas prices got a boost upward after the U.S. Energy Information Administration reported inventory supply climbed by 6 billion cubic feet less than expected last week. Actual results came in at 28 billion cubic feet against expectations of 34 billion cubic feet.
Investors in commodities ETFs largely kept their money in place even as values fell sharply during the second quarter of the year.
The Organization of Oil Exporting Countries (OPEC) may be collapsing. If so, it is due to fundamental economic demands and the force of the market.
In the Leonardo DiCaprio movie Blood Diamond, a citizen from a diamond-rich African nation remarks on how much worse things would be if oil were discovered. The populace of Myanmar is about to find out how true that statement is for themselves.
While the global oil and natural gas industry is in a recession, the alternative energy sector around the world is in a depression.