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.
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.
It looks to be a long, hot summer for the oil industry as prices continue to fall. That is very good news for consumers – and emerging market investors.
Trouble in Brazil and Argentina may have been dominating Latin American investment news, but that’s no reason for investors to shun the region.
The euro crisis is on the radar in Seoul, but South Korea’s central bankers are at least as worried about soaring oil import prices as Iranian crude supplies taper off.
Aegean Marine Petroleum Network Inc. (ANW, quote) announced April 9 that it has established a strategic alliance with China Changjiang Bunker (Sinopec) Co. Ltd. (CCBC), one of China’s five state-certificated bonded bunker suppliers and among the largest bunker supply companies in China. It’s a big move for Greece’s second-largest oil refiner, but will it pay off for investors?