August 24, 2023/CSL Research Despite significant increase in the oil rig count to 14 in Q1 2023 from 8 rigs in Q1 2022 based on the August 2023 monthly oil market report by the Organization of the Petroleum Exporting Countries and allies (OPEC+), the total crude oil production (crude oil […]

August 24, 2023/Fitch Ratings Sukuk restructuring scenarios continue to develop slowly and unevenly across various jurisdictions, Fitch Ratings says. Fitch will monitor a recent development at one of the UAE’s real estate development and investment companies, Aurum (Cayman Limited), which could provide additional insights on sukuk restructuring. However, we expect […]

(Credit: Marcin Jozwiak/Unsplash) August 24, 2023/IMFBlog By Simon Black, Ian Parry, and Nate Vernon Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses during the global spike in energy prices caused by Russia’s invasion of Ukraine and the economic recovery from the pandemic. As the […]