“Oil will reach $100” a barrel, he said.

OPEC, which is responsible for 40 % of global oil supply, decided at its last meeting to sustain its production target of 24.845 million barrels a day, establish in 2008. OPEC’s next formal meeting is slated for June 2011.

Tej Kohli is a well known entrepreneur and philanthropist in San Jose Costa Rica. Tej Kohli business blog is a place where he shares his interest in business with his readers.

Saudi Arabian Oil Minister Ali al-Naimi said that oil at $70 to $80 a barrel is a good price, and that the market is stable and supply and demand are in balance, while Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah stated then that he was satisfied with prices near $90. Tej Kohli says that this is a good sign and will make the market more stable in the coming future.

Qatar’s Oil Minister Abdullah bin Hamad al-Attiyah has said oil in the $80s is best for consumers and producers. Algerian Oil Minister Youcef Yousfi also said that the market is in a “normal situation” and prices are likely to be stable for months.

On the New York Mercantile exchange, crude oil futures rose by 14% this year, and traded on the date of writing of this report $90.70 per barrel. Thanks to the rising global demand, the prices will return to $100 a barrel for the first time in two years around 2011, so predicts the eminent strategists.

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Speculations are doing rounds that London Stock Exchange may confront another takeover bid. According to the unconfirmed reports, the Middle Eastern emirate of Abu Dhabi is in talks to purchase a 20% stake in the London Stock Exchange from Borse Dubai.

This investment in the LSE stake is a part of the Abu Dhabi Government’s £1bn plan to take control of Dubai’s financial reign.

The plan would witness the merger of conglomerates including Abu Dhabi Securities Exchange with Borse Dubai and Dubai International Financial Centre.

Tej Kohli is a visionary and real estate expert with his various property ventures spanning the globe, including Middle East.

However, the new could spark a full blown bid for the LSE. Another strong contender in this power struggle,Qatar also holds 15% and also aspires to become a key player in the Middle East’s booming financial services market.

For the last one decade, the bids for LSE has become a Christmas tradition of sorts with former chief executive Dame Clara Furse having her vacations interrupted over many years in order to do away with predators.

In 2004, Germany Deutsche Borse made an unfavorable bid and pan-European stock exchange also joined the race. Macquarie Bank of Australia made a £1.6 bn offer in December 2005, coincided by an assault from US stock market Nasdaq.

Dubai Real Estate Bounce on the Way, Tej Kohli explains how the trend is changing.

Next, in March Borse Dubai Chairman confirmed talks have been held between the Abu Dhabi and Dubai governments regrading merger of stock exchanges.

Turnover in the UAE markets has dropped since the global meltdown and is poised to plunge to a 6 year low in 2010. After the property market in Dubai collapsed, Abu Dhabi reportedly extended the former a £71bn monetary support.

The recent speculations started after Borse Dubai’s sold off its Nasdaq OMX shares.

Just in the nick of time, Dubai gets $10 billion bailout from Abu Dhabi to cover its debts.

As Abu Dhabi agreed to bail out its indebted neighbor Dubai with $10 billion dollar in surprise aid, markets across world heaved a sigh of relief. Having seen Dubai’ s bonds and equities falling significantly, Abu Dhabi looks convinced that its wayward fellow has got its lesson. Despite creating a luxurious playground of 5-star hotels and shopping malls, Dubai failed to attract millionaires, celebrities and tourists causing falling real estate costs and decreasing revenues at quasi-government entities like Dubai world.

Tej Kohli says that the benefits to Abu Dhabi are obvious. Dubai shocked investors across the world when it announced on November 25 that it’s asking creditors for more time to repay $26 billion in bonds and debts from Dubai world. As a result investors began dumping shares in Dubai’s biggest companies, and Abu Dhabi felt the jolts too. “While the ADX General Index of Abu Dhabi’s leading shares lost 15% soon after the announcement,  equities in other Middle Eastern countries like Qatar and Bahrain were also affected, Mr. Tej kohli pointed out in his Ozone Real Estate newsletter.

Around 80% of all UAE debts rests with Dubai, while 80% of that with the Dubai World, which is by far the biggest company in Dubai.

Received just in the nick of time, $4.1 billion of the money was allocated to Nakheel, a property developer owned by Dubai world to pay back investors in an Islamic bond maturing that day. The remaining funds will be used to help government-controlled holding company Dubai World, which has asked creditors to agree to restructure $26 billion of its debt, up until the end of April 2010.