T&T government says oil price drop has resulted in $TT7.5 billion loss
PORT-OF-SPAIN, Trinidad - The Trinidad and Tobago government has reiterated its position that the drop in oil prices on the global market is not a signal for a sudden change in its economic development policies. “We More...
Most developing countries will benefit from oil price slump, says World Bank
Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of More...
Venezuela and Saudi Arabia cooperate to stabilize oil prices
WILLEMSTAD - During the visit of the Venezuelan delegation to Saudi Arabia, as part of the tour of President Nicolas Maduro to the member countries of the OPEC, Riyadh and Caracas agreed to cooperate to achieve More...
Saudi Prince: “The barrel of oil will never cost $ 100 again”
SAUDI ARABIA- Alwaleed bin Talal, the Saudi prince and businessman, says that the price of a barrel of oil will never reach $ 100 again. The unexpected decline has damaged the main oil producers, including Russia, More...
