Energy Update
HAVANA, May 11 (Reuters) - French oil major Total signed an agreement on Monday to explore for offshore oil with Cuban state oil monopoly CubaPetroleo (Cupet), Cuban state-run television reported without giving further details.
NEW YORK, May 11 (Reuters) - The top lawyer in the U.S.
LONDON, May 11 (Reuters) - Oil's sharp rally since the middle of March has been driven by a race among bearish hedge funds to cover loss-making short positions rather than any great bullishness about the outlook.
Prices in the $3-trillion-plus global petrochemicals market climbed 10% month over month in April, posting the first double digit increase since February 2012.
BELO HORIZONTE, BRAZIL, May 11 (Reuters) - Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday.
May 11 (Reuters) - Castleton Commodities International will buy Morgan Stanley's physical oil business, vaulting the Connecticut-based merchant into the big leagues of global crude and fuel traders.
BRASILIA, May 11 (Reuters) - Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.