MANAMA: Capivest is taking a positive outlook for the world's energy markets amid global financial market uncertainty.
This confidence follows Capivest's recent announcement of the successful initial closing of its new Alternative Energy Fund, provided in co-operation with Goldman Sachs devoted to the energy commodities.
"We are at an important crossroad in global capitalism with many markets, particularly in the West, now dependent on government aid to continue to function," said Capivest executive director of treasury and financial institutions Hasan Habib Hasan.
"The crisis in the world's financial sector has slowed down the global economy, and because of this we have seen a decrease in demand for energy commodities such as crude oil and natural gas.
"We believe that this is only a temporary situation. Governments throughout the world are committed to restoring confidence in their financial institutions and as the economy of the world picks up, so will the price of energy commodities.
"The same factors that caused high energy prices to begin with are still there, with the exception of demand. As world demand increases, so will the price of energy commodities."