MIAMI, Aug. 13 (UPI) -- Brazil has discovered yet another offshore oil field, this time a light-crude find neighboring the 5 billion to 8 billion barrel Tupi oil field discovered last year.
MIAMI, Jan. 16 (UPI) -- Brazil has signed a deal with Cuba to begin exploring its potentially oil-rich waters in the Gulf of Mexico in exchange for a multimillion-dollar aid program.
RIO DE JANEIRO, Feb. 10 (UPI) -- Brazil's new government has impressed markets with its fiscal austerity, but analysts remain cautious on certain fronts. That's nowhere more true than the direction of state-run oil giant Petrobras, especially in light of a potential war in Iraq.
RIO DE JANEIRO, Jan. 23 (UPI) -- Winning sessions were scarce this week for Latin American stock markets, despite Argentina's temporary salvation courtesy of the International Monetary Fund and continuing moderate signals from Brazil's government. The biggest culprit may be what is worry