With many of the major economies in a period of slower growth, some of the heat has come out of global commodities. Is the recent slowdown due to a relief in structural constraints and speculative pressures, or can we expect a sharp recovery in commodity demand? What steps should firms take as global growth picks up over the coming twelve to eighteen months?
“We are in a good trend [in the energy resources field]. And the market will work only if it is fairly transparent and has correct and effective pricing mechanisms”.
“We have not seen a more stable oil situation in the modern world, which is changing so quickly (i.e., the Arab Spring). The middle class is growing, requiring additional resources, and it is not only in China and India, but Africa as well”.
“We should not expect China’s demand for energy resources to continue to grow; it will slow down but it will still be there at a normal pace, which is 7% of GDP”.
“One of the things that I see going on over the space of a decade is this convergence of markets. Things that are happening in one part of the commodity market are having a knock-on effect on other markets”.
“We need global synchronized growth to see the next commodity price boom”.
“Any government needs to think, plan and take action on how to deal with subsidies. The logical thing to do is first of all to free the energy subsidies”.
“I do not think that the US is going to export a significant amount of gas in the nearest future”.
In cooperation with Russian Railways