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 […]
OPINION/EDITORIAL
Fossil Fuel Subsidies Surged to Record $7 Trillion
(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 […]
Nigeria’s Crude Oil Production Fell to 1.29mbpd in July 2023
August 23, 2023/FBNQuest Research The most recent data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals that Nigeria’s daily production of crude oil fell to 1.29 million barrels per day (mbpd) in Jul ’23 from 1.48mbpd the previous month. The figure includes condensates of almost 0.2mbpd. Excluding condensates, the […]
