Farmers in China, Indonesia and Kazakhstan saw some of the largest increases in state support during 2012 as governments focused on self-sufficiency policies to boost agricultural production, according to new figures released by the Organisation for...
Saudi Arabia pumped oil at the fastest rate in 32 years in August but global supplies still fell by almost 1m barrels a day, putting pressure on the oil stocks of industrialised countries, the International Energy Agency has said.
Wood Mackenzie, the energy consultant, has said China is on track to spend $500bn a year on crude oil imports by 2020, in one of the most bullish forecasts yet of oil demand growth in the world’s second-largest economy.
The rise of the US as a global gas exporter is gathering speed. Until May, the government had granted just one permit for worldwide exports of liquefied natural gas. It has approved three more in the past five months.
Average wages in the UK’s oil and gas sector are set to rise by 15 per cent this year – breaking through the $100,000-a-year ceiling – as record levels of investment in eking out Britain’s reserves create shortages of trained staff in the industry.
One of the most closely watched indicators of the strength of the Chinese copper market has risen to the highest level on record, in a further sign that the country’s industrial economy is outperforming gloomy expectations.
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