Crude demand is weakening, yet markets are firm. Decoupling from the otherwise weak fundamentals, prices have surged in recent weeks, with Brent crude prices closing in at $120 a barrel, up sharply from around $90 a barrel in July, with both, Brent and US crude pace to post their third consecutive weekly gains.
The developed world is still caught in a low growth environment. However, with interest rates at record lows and the risk-free rate of return at an even absurdly low level, stocks are being bid up by investors.
The combined region of Africa and the Middle East is projected to have some of the strongest growth in food demand and agricultural trade over the coming decade, the “USDA Agricultural Projections to 2021” reported recently.
Around three-quarters of the world’s inhabitants now have access to a mobile phone and the mobile communications story is moving to a new level, which is not so much about the phone but how it is used, a new report released recently by the World Bank and infoDev, its technology entrepreneurship and innovation program.
A Qatari government investment fund Friday said it had reached a deal with Spanish company Ferrovial to buy 20 percent of the company that operates London’s Heathrow, Stansted and other British airports.
Golden Pass Products LLC, a joint venture of Exxon Mobil Corp and Qatar Petroleum, is seeking US authorities’ permission to export liquefied natural gas from a terminal near the Texas-Louisiana border, the Wall Street Journal said, quoting an executive.
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