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Security of Middle East oil is now Asia’s problem - FT.com
"Sir, Your editorial “Time to end the US oil embargo” (October 16) makes a mockery of economics and global security strategy. Oil is not a freely traded commodity but, rather, one whose price has been controlled by an imperfect cartel supported quietly by the world’s largest oil companies and the International Energy Agency. Thus your analogy to trade in rare earth metals fails. "
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Starbucks under media fire in China for high prices | Reuters
"(Reuters) - Starbucks Corp (SBUX.O) has been charging customers in China higher prices than other markets, helping the company realize thick profit margins, a report by the official China Central Television (CCTV) said. "
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Occidental plans Middle East stake sale - FT.com
"Occidental Petroleum, the US oil and gas group, plans to sell a minority stake in its business in the Middle East in order to focus on its North American operations and reduce its exposure to political risk. "
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Ukraine close to shale gas deal - FT.com
"Ukraine’s government is weeks away from signing a shale gas production-sharing agreement with Chevron, of the US, and bringing in Italy’s Eni and France’s EDF as partners for a Black Sea hydrocarbon exploration project. "
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UAE backs Saudi Arabia's decision to reject UN Security Council seat | The National
"The UAE has supported Saudi Arabia’s decision to reject a seat on the UN Security Council, calling it “a judicious and prudent stance”. "
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Qatar to fund Dh2bn Arab cultural centre in Washington | The National
"NEW YORK // The Qatar Foundation plans to open a centre dedicated to teaching Arab culture and the Arabic language to American pupils as part of a massive development project in Washington that Doha is helping finance. "
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Arab League announces date for Syria peace talks | The National
"LONDON // International peace talks to end the war in Syria are scheduled to take place on November 23, the head of the Arab League said on Sunday. "
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