(Credit: Kim Haughton/IMF Photo) August 1, 2024/IMFBlog By Ceyla Pazarbasioglu and Pablo Saavedra Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring of the pandemic, conflicts around the world, and the abrupt rise in global interest rates have hit low-income countries the hardest. […]
OPINION/EDITORIAL
Fuel Subsidy: Landing Cost Sustain Upward Trend
July 31, 2024/CSL Research According to news reports, last week, the Major Energy Marketers Association of Nigeria (MEMAN) reported that the landing cost of petrol was N1,117/litre. MEMAN also disclosed that the landing costs of diesel and aviation fuel were N1,157/litre and N1,127/litre, respectively. While the pump prices of diesel […]
Brent Breaks Below US$80 as Bearish Sentiment Continues to Dominate Oil Markets
July 30, 2024/Oilprice.com Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential supply disruption in Venezuela. Concerns about global demand continue to drive bearish sentiment in oil markets. The Q2 quarterly earnings season has continued this week, with […]
